27315 Bay RdSan Bernardino, CA 92317

This exceptional investment opportunity presents the chance to acquire a fee-simple interest (land and building) in a newly constructed, 24,000-square-foot Grocery Outlet located at 27315 N Bay Rd, Lake Arrowhead, CA 92317. The property sits on a 0.98-acre lot and boasts 79 parking spaces. A brand-new, 10-year lease is in place with Grocery Outlet, Inc., a well-established national chain with a strong credit rating (S&P: B+), featuring five 5-year renewal options. Each option period includes a 10% rent increase, providing built-in protection against inflation and steadily growing net operating income (NOI). The current NOI is $365,000, resulting in a 5.50% cap rate on the $6,636,000 asking price. The lease is an absolute NNN lease, minimizing landlord responsibilities to roof, structure, parking lot, and foundation, making this an ideal low-management investment. The property benefits from a prime location at the intersection of N Bay Rd and CA-189, a high-traffic area with a combined 15,300 vehicles per day (VPD), and enjoys excellent visibility due to significant street frontage and a large pylon sign. The surrounding area features strong national credit tenants, including CVS Pharmacy, McDonald's, 7-Eleven, Shell, and Coach, creating synergistic tenant relationships and increased consumer traffic. The property's proximity to Rim of the World High School (928 students) further enhances its appeal. The 5-mile trade area boasts over 20,000 residents and 6,000 employees, with a one-mile radius exhibiting an average household income exceeding $130,898. The building itself features a state-of-the-art design with high-quality materials and a new 10-year roof warranty. This is a truly exceptional opportunity for a passive investor seeking a stable, high-performing asset with significant long-term growth potential. The property's APN is 0335-031-06-0000. The building was completed in 2024 and has 100% occupancy.