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745 E Hospitality Ln 6,004 SF 100% Leased Retail Building San Bernardino, CA 92408 $4,513,410 CAD ($751.73 CAD/SF) 5.50% Cap Rate
Investment Highlights
- 100% leased to a mix of national and regional tenants under long-term NNN leases with corporate guarantees from Panda Express and Juice It Up!
- Excellent regional access to I-10 and I-215 freeways, connecting to Inland Empire distribution routes, Orange County, and Los Angeles.
- Occupant mix provides a stable and diversified income stream with proven multi-unit operators and established brands.
- Located within South Palm Center at a highly visible, signalized intersection with 30,000+ vehicles per day along Hospitality Lane.
- Surrounded by major employers, retailers, and medical offices with a daytime population exceeding 287,000 within five miles.
- Property includes dual curb access, building and monument signage, and shared parking with a ratio of 4.94:1 per leasable area.
Executive Summary
This multi-tenant retail asset is a fully stabilized investment opportunity located at 745 E Hospitality Lane within the South Palm Center in San Bernardino, California. The property consists of three leased retail units, anchored by two national brands, Panda Express and Juice It Up!, along with an established regional Mexican restaurant concept. All tenants operate under NNN leases, providing passive income and minimal landlord responsibilities. The current Year 1 NOI is approximately $181,387 with a 5.50% cap rate, reinforcing the property’s value as a secure, cash-flowing investment.
Positioned along a high-traffic commercial corridor, the property offers ±66 feet of frontage on E Hospitality Lane and ±148 feet on Harriman Place. It benefits from excellent regional connectivity via the I-10 and I-215 freeways, placing it within 30 minutes of Orange County and approximately one hour from Los Angeles. South Palm Center is a well-established retail hub featuring Home Depot, Aldi, and other national retailers, contributing to consistent customer traffic.
Positioned along a high-traffic commercial corridor, the property offers ±66 feet of frontage on E Hospitality Lane and ±148 feet on Harriman Place. It benefits from excellent regional connectivity via the I-10 and I-215 freeways, placing it within 30 minutes of Orange County and approximately one hour from Los Angeles. South Palm Center is a well-established retail hub featuring Home Depot, Aldi, and other national retailers, contributing to consistent customer traffic.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,004 SF
Building Class
B
Year Built
2001
Price
$4,513,410 CAD
Price Per SF
$751.73 CAD
Cap Rate
5.50%
NOI
$248,083 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
CG - General Commercial
Parking
30 Spaces (4.94 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0281-361-14 | Improvements Assessment | $2,950,410 CAD |
| Land Assessment | $904,398 CAD | Total Assessment | $3,854,808 CAD |
Property Taxes
Parcel Number
0281-361-14
Land Assessment
$904,398 CAD
Improvements Assessment
$2,950,410 CAD
Total Assessment
$3,854,808 CAD
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745 E Hospitality Ln
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