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575 W Base Line St
San Bernardino, CA 92410

Value Added Re-Tenanting Opportunity · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
18,984 SF
Building Class
C
Year Built/Renovated
1960/2015
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.31
Lot Size
1.41 AC
Zoning
CG-1 - Commercial General Zoning
Parking
65 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
602 FT on Base Line St

Amenities

  • Bus Line
  • Corner Lot
  • Fenced Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Skylights

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)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0140-041-46
  • 0140-041-01
  • 0140-041-07
  • 0140-041-51
  • 0140-041-02
  • 0140-041-44
Land Assessment
$468,180
Improvements Assessment
$520,200
Total Assessment
$988,380
  • Listing ID: 16205733

  • Date on Market: 5/31/2019

  • Last Updated:

  • Address: 575 W Base Line St, San Bernardino, CA 92410

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