Supermarket For Sale • 49,424 SF
Significant Redevelopment/Value-Add Opportunity w/ In-Place Cash Flow $111 PSF Building $/PSF and $22 PSF Land $/PSF Well Below Replacement Cost |
±68,000 Square ft. Outparcel Provides New Ownership With the Flexibility to Accommodate either a Single or Dual Drive-Thru Configuration |
Infill Neighborhood Site Within Densely Populated Community - Site Located in an Opportunity Zone and a Transit Overlay District Zone. |
The Property’s Strategic Location at the Bustling Intersection of North Base Line Street and North Arrowhead With over 38,000 Cars Per Day |
Located 4.5 Miles South of California State University San Bernardino (CSUSB) and 2.5 Miles North of San Bernardino Valley College |
3 Mi Avg Household Income of $55,358 with Average Household Retail Expenditure Reaches $99,340, Reflecting Strong Consumer Purchasing Power |
Cap Rate: | 5.61 % |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
San Bernardino - Downtown Metrolink Station (Metrolink Inland Empire-Orange County Line - Metrolink Trains, Metrolink San Bernardino Line - Metrolink Trains) | 5 min | - | 2.1 mi |
San Bernardino (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) | 6 min | - | 2.7 mi |
Airport | Drive | Walk | Distance |
Ontario International | 30 min | - | 23.0 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 300 |
Type: | Surface |
Included in Rent: | Yes |