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N Waterman Ave & E Highland Ave 3 Retail Properties Offered at $4,297,964 CAD in San Bernardino, CA
INVESTMENT HIGHLIGHTS
- Invest in a multi-tenant retail site on the high-trafficked and signalized corner of Highland and Waterman Avenues in San Bernardino.
- Offering includes a drive-thru restaurant on its own 0.76-acre parcel and desirable commercial general (CG-1) zoning.
- Receive stable cash-flow from long-term tenants such as Baker's Drive Thru, Subway, Fiesta Auto Insurance, Nick's Smog Check, and Clear Channel.
- Visible to over 27,022 vehicles per day, be further enhanced by an on-site billboard that provides both additional exposure and income potential.
- Less than a mile from the 210 Freeway on/off ramp and 1.4 miles from the 215 Freeway exit, experience great connectivity to the Inland Empire.
- Surrounded by major retailers, local businesses, and healthcare such as Dignity Health, Starbucks, Denny's US Bank, and Circle K.
EXECUTIVE SUMMARY
This multi-tenant retail opportunity is prominently positioned on a heavily trafficked, signalized corner in San Bernardino, California, delivering excellent visibility and access. The center is anchored by strong, recognizable tenants, including Subway, Baker’s Drive-Thru, and various other established retailers, which drive consistent daily traffic and consumer demand. The property also includes a freestanding drive-thru restaurant situated on its own parcel, further enhancing the site’s versatility and long-term value.
With tenants averaging over 18 years of occupancy at this location, the asset demonstrates exceptional stability and a proven commitment from tenants. Additionally, an on-site billboard provides a supplemental income stream and increased exposure to the property. Together, these attributes create a compelling, income-producing investment in a high-visibility, growth corridor of San Bernardino.
San Bernardino, located in the heart of the Inland Empire, is one of Southern California’s most dynamic retail markets. With a population of over 220,000 residents and more than 4.5 million people within a 30-mile radius, the city offers a robust consumer base for retailers and investors alike. The median age of 32 reflects a young and growing population, while household incomes averaging $67,000 per year create consistent demand for shopping, dining, and entertainment options.
San Bernardino is strategically positioned at the junction of Interstates 10, 215, and 210, offering exceptional visibility and access for both local and regional traffic. Anchored by California State University, San Bernardino, which serves over 19,000 students, and supported by major employers in healthcare, logistics, and government, the city draws a diverse and stable workforce. Ongoing revitalization efforts and new housing developments are fueling growth and increasing retail demand, making San Bernardino a compelling destination for retailers and a promising opportunity for real estate investors.
The Net Operating Income (NOI) is an estimated figure based on current expenses and a percentage of sales leases. Inquire into KW Commercial Inland Empire for additional details.
With tenants averaging over 18 years of occupancy at this location, the asset demonstrates exceptional stability and a proven commitment from tenants. Additionally, an on-site billboard provides a supplemental income stream and increased exposure to the property. Together, these attributes create a compelling, income-producing investment in a high-visibility, growth corridor of San Bernardino.
San Bernardino, located in the heart of the Inland Empire, is one of Southern California’s most dynamic retail markets. With a population of over 220,000 residents and more than 4.5 million people within a 30-mile radius, the city offers a robust consumer base for retailers and investors alike. The median age of 32 reflects a young and growing population, while household incomes averaging $67,000 per year create consistent demand for shopping, dining, and entertainment options.
San Bernardino is strategically positioned at the junction of Interstates 10, 215, and 210, offering exceptional visibility and access for both local and regional traffic. Anchored by California State University, San Bernardino, which serves over 19,000 students, and supported by major employers in healthcare, logistics, and government, the city draws a diverse and stable workforce. Ongoing revitalization efforts and new housing developments are fueling growth and increasing retail demand, making San Bernardino a compelling destination for retailers and a promising opportunity for real estate investors.
The Net Operating Income (NOI) is an estimated figure based on current expenses and a percentage of sales leases. Inquire into KW Commercial Inland Empire for additional details.
OFFERING MEMORANDUM
PROPERTY FACTS
| Price | $4,297,964 CAD | Number of Properties | 3 |
| Price / SF | $782.30 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 4.52% | Total Building Size | 5,494 SF |
| Sale Type | Investment | Total Land Area | 0.76 AC |
| Status | Active |
| Price | $4,297,964 CAD |
| Price / SF | $782.30 CAD / SF |
| Cap Rate | 4.52% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 5,494 SF |
| Total Land Area | 0.76 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 297 E Highland Ave, San Bernardino, CA 92404 | Retail | 1,986 SF | 1984 | - |
| 2180 N Waterman Ave, San Bernardino, CA 92404 | Retail | 1,780 SF | 1965 | - |
| 291 E Highland Ave, San Bernardino, CA 92404 | Retail | 1,728 SF | 1952 | - |
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SALE ADVISORS
SALE ADVISORS
Rene Ramos, Jr., President
Rene Ramos, Jr. currently resides in San Bernardino, CA with his wife, two daughters & son. Rene is a decorated combat veteran. After leaving the military Rene started working in commercial real estate with the Dan Richards Team. He has become an integral part of the organization and currently serves as President, working with his clients to help them achieve their goals of leasing, selling, or purchasing commercial real estate. He has successfully transferred many of the skills he learned in the military to his client services which include the ability to lead, a disciplined work ethic, a “take charge” attitude, and a commitment to a team concept. Rene has been able to translate these skills into becoming an experienced and dependable commercial real estate professional who delivers the best customer service possible. In 2016 and 2017, Rene was ranked the #1 Industrial Broker, worldwide, for Coldwell Banker Commercial prior to joining KW Commercial.
Robert Bagley, Senior Associate
Robert was born and raised in Modesto, California. He began his commercial real estate career as an intern with KW Commercial Inland Empire in 2019 while attending the University of La Verne. Robert earned his Bachelor’s Degree in Business Management/Leadership and recently completed his Master’s Degree in Business Administration with a concentration in Finance.
In recognition of his achievements in the industry, Robert has been named a CoStar Power Broker in the Inland Empire, solidifying his reputation as a top-performing professional in commercial real estate.
During his undergraduate years, Robert was a three-year starter on the football team, playing outside linebacker and serving as one of the team captains. Off the field, he enjoyed mentoring youth and volunteering his time with the Claremont After School Program and David & Margaret Youth and Family Services.
Robert’s experiences as an athlete and mentor instilled in him the values of hard work, leadership, discipline, dedication, and resilience. He has successfully translated these traits into his real estate career, consistently delivering exceptional service and results to his clients.
In recognition of his achievements in the industry, Robert has been named a CoStar Power Broker in the Inland Empire, solidifying his reputation as a top-performing professional in commercial real estate.
During his undergraduate years, Robert was a three-year starter on the football team, playing outside linebacker and serving as one of the team captains. Off the field, he enjoyed mentoring youth and volunteering his time with the Claremont After School Program and David & Margaret Youth and Family Services.
Robert’s experiences as an athlete and mentor instilled in him the values of hard work, leadership, discipline, dedication, and resilience. He has successfully translated these traits into his real estate career, consistently delivering exceptional service and results to his clients.
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N Waterman Ave & E Highland Ave
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