$2,380,000

566 Inland Center Drive

San Bernardino CA, 92408

Description

Adtech Realty is proud to present the opportunity to acquire a Free Standing, Single Tenant, Corp. Guaranteed NNN Investment Opportunity in the City of San Bernardino. Property is currently leased to AutoZone- an investment grade publicly trade national tenant (NYSE AZO). Autozone has been at this location since 2007 and entered into an early lease renewal in 2015, demonstrating their strong commitment to the location. Current Lease has 5+ year remaining until Nov 2025 plus three 5-year options (3 x 5 yrs). Each of the option period has a built-in 10% rent increase. AutoZone is one of the essential business and has remain open throughout the Covid-19 pandemic. AutoZone has been paying their rent and has not requested any rent concession due to the pandemic. The property is situated near the intersection of Inland Center Drive, West Mills Street and South E Street with a combine traffic count of 41,100+ VPD. The property is 0.3 miles north of the Inland Center Mall (anchored by Macy's, JCPenney, Forever 21, Sephora, H&M) and right across from the National Orange Show Event Center with Harbor Freight Tools and Carls Jr. as adjacent neighbor. The current NNN Income is $10,000/mo ($120,000/yr). This property offers Owner Stable and Secure investment income with minimum management responsibility. All daily maintenance, Property Tax and Insurance are the responsibility of the Tenant.

Details

MLS#WS20210561
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1986
Days On Site186

Features

SQ Feet10,500
Story(s)1
ZoningCG

Market Activity 92408

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Area Information
StateCA
CountySan Bernardino
CitySan Bernardino
Zip Code92408
Area274 - San Bernardino
Listing VS Median (in 92408)
Price:
$2,380,000
low | high
Med:
$382,400
100% of Average
SqFt:
10,500
low | high
Med:
1,220
100% of Average
$ / SqFt:
$227
low | high
Med:
$326
6.294730023607% of Average
On Site:
186
low | high
Med:
86.5
100% of Average
Sourced by Back At You
Listing Updated: December 14, 2020 2:38:20 AM PST
LAP LEUNG LogoMLS Number: WS20210561
Listing Provided By:
LAP LEUNG  of  ADTECH REALTY
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