For Sale
$13,950,000

555 Hospitality LnSan Bernardino, CA 92408

Prime Retail Net Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-tenant, Class A retail property occupied by LA Fitness. Located at 555 E Hospitality Lane in San Bernardino, California, this 38,652-square-foot storefront boasts a strong 9-year remaining lease term with a 6.29% cap rate and a substantial net operating income (NOI) of $877,920. The property, built in 1997 and renovated in 2015, sits on a 1.218-acre lot and features two stories. The building is zoned C2 and has a price per square foot of $360.91, totaling an asking price of $13,950,000. The lease is a triple-net (NNN) lease, transferring most operating expenses to the tenant. This location benefits from high visibility and traffic counts, situated near major retailers such as Home Depot, ALDI, Office Depot, and Five Guys, and enjoys excellent demographics with an average household income exceeding $65,000 within a five-mile radius. The property is ideally suited for a 1031 exchange. This is a rare opportunity to acquire a stable, high-performing asset in a desirable Southern California location. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers. The APN is 0281-371-75-0000 and the zip code is 92408.

Highlights

  • NNN Leased to LA Fitness.
  • High-traffic location adjacent to the 10 Freeway (200,000+ VPD).
  • Refurbished in 2015.
  • Attractive price of $360/SF.
  • Strong demographics: $65,000 average household income within a 5-mile radius in Southern California.

Property Details for 555 Hospitality Ln

Property type
Retail properties, Retail space
Square Feet
38,652 SF
Class
A
Year Built/Renovated
1997/2015
Buildings
1
Stories
2
Units
1

Location Insight

City
San Bernardino
County
San Bernardino
State
California
Latitude
34.0647333
Longitude
-117.2737657
555 Hospitality Ln, San Bernardino, California

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555 Hospitality Ln
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