949 Kendall DrSan Bernardino, CA 92407

This exceptional 23,730-square-foot vacant storefront, a former Rite Aid, presents a compelling investment opportunity in San Bernardino, CA. Located at 949 Kendall Dr, 92407, this Class A, single-story building sits on a 2.07-acre lot and boasts a high dock loading area and lofty ceilings. The property, built in 1990, offers significant potential for owner-users or investors seeking a high-return retail space. With a pro-forma NOI of $355,950 and a pro-forma cap rate of 9.38%, this property is priced at $3,796,800 ($160/SF). The land value alone is $42/SF. The building is part of a thriving neighborhood shopping center (approx. 92,476 SF) with strong co-tenants including Stater Bros., Chase, The UPS Store, and O'Reilly's Auto Parts. Its corner location at Kendall Dr. and 40th St. provides excellent visibility and accessibility. The property's proximity to Cal State San Bernardino further enhances its appeal. This is a NNN lease type property, currently vacant, and easily subdividable, offering diverse leasing possibilities. The property's APN is 2014-044-7893. This represents a rare opportunity to acquire a well-located, sizable retail space with substantial upside potential.