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    566 Inland Center Drive

    San Bernardino, CA 92408
    • $2,380,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: WS20210561
    UPDATED: 71 min ago
    $2,380,000
    • 0
      BEDS
    • 0.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,500
      SQFT
    • $227
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1986
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T16:27:07.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/110798836
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    566 Inland Center Drive San Bernardino, CA 92408

    • Price: $2,380,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: WS20210561
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.66
    Acres
    10,500
    SQFT
    $227
    $/SQFT
    1986
    Built
    Neighborhood:
    274 - San Bernardino
    County:
    San Bernardino
    Area:
    274 - San Bernardino
    Property 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.
    Exterior Features

    Lot Features Lot 20000-39999 SqftLevelPaved Lot Size Units Square Feet Parking Ratio 3.81

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type Auto PartsAuto ServiceAuto Tires Cap Rate 5.04 Country Us Current Use Comments Corp. Guarantee Lease Investment Property YN Yes Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 120000.00 Occupancy Occupied Property Sub Type Retail Special Listing Conditions Standard Total Monthly Rent 10000 Water Source Public Year Built Source Public Records Zoning Cg

    Listing provided courtesy of Lap Leung of Adtech Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T16:27:07.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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