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The Barstow Factory Outlets
2552 Mercantile Way, Barstow, CA 92311
328,283 SF | Retail
Retail Property - Off Market
- Gross Leasable Area:
- 328,283 SF
- Property Type:
- Property Sub-type:
- Outlet Center
- Property Use Type:
- Cap Rate:
- Year Built:
- Lot Size:
- 48.85 AC
- APN / Parcel ID:
- 0428-211-26-0-000 & 0428-211-27-0-000
- Parking Ratio:
- 5.40 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
- Below Replacement Cost: To rebuild this center would cost, at a minimum, four to five times what it can be purchased for today.
- Vegas/Southern CA Connection: As the mid-point between LA and Las Vegas, Over 9.5M travelers going to Vegas alone pass by this site every year.
- Adjacent Synergies: The adjacent Tanger Outlet Center and neighboring fast food pads all perform extremely well, proving the viability for retailers.
- Value Add' Opportunity: At 20% occupied, this is a true value add' opportunity for proactive real estate professionals.
- Visibility and Access: The subject property can be easily seen from the I-15 freeway, which offers an exit that feeds directly into this location.
- Tenant Mix: Despite the lack of tenancy, Barstow Factory Outlets has managed to retain a number of national/regional tenants.
The Barstow Factory Outlets is comprised of twenty four (24) free-standing buildings lined along a landscaped, open-air corridor. The total combined square footage of the center is approximately 328,283 SF, of which 20% is currently leased. Some of the notable tenants are Levi' s, Vans, Pacific Sunwear and Children' s Place. At one point in time, this center was a vibrant destination packed with shoppers travelling to and from Las Vegas. Over the years, the center has suffered from numerous factors which have resulted in the deterioration of the tenancy and rental income. Offered at a fraction of replacement cost for the improvements ($30/SF), and under $4/SF for the land, this opportunity allows an investor to breathe new life into this once thriving retail center, thereby achieving a significantly better than market return on their investment upon stabilization.
The Barstow Factory Outlets is a 328,283 square foot multi-tenant shopping center located at 2552 Mercantile Way, Barstow CA, 92311. It resides at the southern end of Barstow in the County of San Bernardino and is located just off of Interstate 15 freeway
between the Lenwood Rd. and Outlet Center Dr. exits.
Map of 2552 Mercantile Way, Barstow, CA 92311 (San Bernardino County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO