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- LoopNet Team
575 W Base Line St
San Bernardino, CA 92410
Value Added Re-Tenanting Opportunity · Retail Property For Sale
PROPERTY FACTS
- Freestanding
- General Retail Storefront
- General Retail Supermarket
- General Retail Department Store
- 602 ft on Base Line St
- 152 ft on Acacia St
- 198 ft on F St
Amenities
- Bus Route
- Corner Lot
- Fenced Lot
- Pylon Sign
- Signage
- Signalised Intersection
- Roof Lights
About 575 W Base Line St , San Bernardino, CA 92410
STRONG INVESTMENT FUNDAMENTALS • 6.5 years remaining on corporate Save-A-Lot lease— national credit signature with over 1,300 locations and revenues exceeding $4 billion annually • As of May 2019, tenant still responsible for approximately $1,332,000 of lease payments over remaining 6.5 year term • 8% all-cash return offers the opportunity to recover ±52% of initial investment over the remaining lease term, potentially lowering one’s basis to ±$65/sf • 6.5 years provides ample time to procure replacement tenant and plan for future re-positioning of the property • $135/sf – well below replacement cost • Low, replaceable rent at only $0.90/sf PROMINENT INTERSECTION ALONG MAJOR THOROUGHFARE • Located just 0.4 miles from Interstate 215 at the Base Line exit— a major thoroughfare connecting San Bernardino’s northern population to the freeway DENSE, INFILL TRADE AREA • Located in an established trade area TENANT RESPONSIBLE FOR BUILDING • Save-A-Lot remains responsible for maintaining the property for the remainder of the lease term, including dedicated on-site security. LARGE POOL OF REPLACEMENT USES • At 19,000 SF with 65 dedicated parking spaces, the building is well positioned for a variety of use categories, including but not limited to: fitness, soft goods, small format grocer/market, variety store, thrift store, county/government, auto parts, banquet hall, furniture (sales or rental), hardware, paint, trade school, charter school, etc. • Flexible CG-1 Zoning (Commercial General)
Links
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | £413,777 |
Land Assessment | £372,400 | Total Assessment | £786,177 |
PROPERTY TAXES
- 0140-041-46
- 0140-041-01
- 0140-041-07
- 0140-041-51
- 0140-041-02
- 0140-041-44
Listing ID: 16205733
Date on Market: 31/05/2019
Last Updated:
Address: 575 W Base Line St, San Bernardino, CA 92410
The Retail Property at 575 W Base Line St, San Bernardino, CA 92410 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.
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