The Shops at Tri-City Commons 420-424 E Hospitality Ln 20,780 SF 100% Leased Retail Building San Bernardino, CA 92408 $12,169,172 CAD ($585.62 CAD/SF) 6.30% Cap Rate

Progressive Real Estate Partners is proud to present the opportunity to acquire The Shops at Tri-City Commons— a 100% leased, service-oriented commercial center located at the heart of the ±4.4 million square foot Tri-City Commercial Hub. The property features a diverse mix of 13 e-commerce-resistant tenants serving the surrounding employment and population base, which includes 11,710 employees and 1,000+ businesses within 1 mile and a population of 257,000 residents within 5 miles. The center benefits from excellent corner visibility at Hospitality Lane & Carnegie (±47,000 cars per day) within a severely supply-constrained shop submarket. Recent capital improvements— including a 2018 roof (transferable warranty), ±60% new HVAC units (2018–present), LED lighting (2021), camera monitoring system (2021), parking lot overlay and restriping (2022), and new paint scheme (2023)— position the asset as a stabilized, low-CapEx investment. All leases are true NNN with no expense caps and feature 3% to 4% annual rent increases, providing durable, inflation-protected NOI.