555 Hospitality LnSan Bernardino, CA 92408

Property Details for 555 Hospitality Ln

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.22 AC

Property size (Sq ft)

38,652 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

0281-371-75-0000

APU

281371750000

Description

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.

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Latitude

34.0648

Longitude

-117.274

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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