Share This Listing

Message

951 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Home Depot 1055 W 21st St 133,780 SF Retail Building San Bernardino, CA 92405 $38,734,919 CAD ($289.54 CAD/SF) 4.49% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Rare STNL The Home Depot Opportunity
  • Outstanding NOI Growth – Due to fixed rental increases of 8.50% on base rent every 5 years (next increase in February 2027)
  • Regional, Freeway Adjacent Location – Located along Interstate 215 (±118,000 CPD), with direct on-/off-ramp access via W Highland Ave (±29,800 CPD)
  • Established, High-Performing The Home Depot Location
  • Large Scale Covered Land Play, Future Redevelopment Opportunity – The Home Depot is situated on a large ±11-acre site and centrally located

EXECUTIVE SUMMARY

- Rare STNL The Home Depot Opportunity – STNL asset with a publicly traded, investment-grade credit national tenant on a long-term Absolute NNN lease

- 100% leased to The Home Depot (NYSE: HD), the world’s largest and leading home improvement specialty retailer with over 2,300 locations, a market capitalization of $357 billion and revenue of $163 billion

- Established, High-Performing The Home Depot Location – This is an established and top performing The Home Depot store, as proven by many factors (download the Offering Memorandum for more details)

- Outstanding NOI Growth – Due to fixed rental increases of 8.50% on base rent every 5 years (next increase in February 2027) as well as rare percentage rent income, the property provides outstanding income growth, and a strong inflationary hedge compared to many “flat” STNL investments

- Large Scale Covered Land Play, Future Redevelopment Opportunity – The Home Depot is situated on a large ±11-acre site centrally located in San Bernardino, immediately off Interstate 215. While The Home Depot will very likely remain at this location long-term given its success, the property presents an excellent redevelopment opportunity in the future given its pricing at just $58 PSF on a Land PSF basis.

- Regional, Freeway Adjacent Location – Ideally located along Interstate 215 (±118,000 CPD), with direct on-/off-ramp access via W Highland Ave (±29,800 CPD) and adjacent to name brand tenants including Stater Bros Markets, Dollar Tree, AutoZone, McDonald’s, 7-Eleven, Jack in the Box and others, generating tremendous traffic to the immediate trade area

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
133,780 SF
Building Class
C
Year Built/Renovated
1968/1985
Price
$38,734,919 CAD
Price Per SF
$289.54 CAD
Cap Rate
4.49%
NOI
$1,737,761 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.28
Lot Size
11.00 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
651 Spaces (4.87 Spaces per 1,000 SF Leased)
Frontage
361’ on W 21st St

AMENITIES

  • Freeway Visibility
  • Pylon Sign
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Stater Bros.
Alberto's Mexican Food
Chase Bank
Waba Grill

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0144-032-31
  • 0144-042-46
  • 0144-032-24
  • 0144-101-29
Land Assessment
$1,353,188 CAD
Improvements Assessment
$3,154,948 CAD
Total Assessment
$4,508,136 CAD
  • Listing ID: 36853417

  • Date on Market: 2025-07-21

  • Last Updated:

  • Address: 1055 W 21st St, San Bernardino, CA 92405

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}