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1636 Redlands Blvd 2,840 SF Retail Building Redlands, CA 92373 $1,470,000 ($517.61/SF) 5.75% Cap Rate



Executive Summary
NNN1031PRO, GSA Realty Advisors, Inc., an exclusive advisor, is pleased to offer for sale a “fee simple” 100% leased NNN investment opportunity, The Tune-Up Clinic (the Property) located in Redlands, CA / San Bernardino County a Los Angeles submarket at the confluence of I:10 and the 2:10 freeways. The property features 2,800 SF of automotive related space. 100% leased to The Tune-Up Clinic with a long standing operational history of 30+ years at this location. The current lease runs through Oct 31, 2030 with no options for renewal. Therefore, it provides the buyer the flexibility of rebranding the site, or negotiating a long-term lease with the current tenant. At below replacement cost and what is considered a small price point, with an under market rent threshold, the risk adverse investment is ideal for a 1031 trade or investor looking for a passive NNN automotive related investment opportunity in the S. Cal MSA with excellent re-adaptive uses, the location offers the best of both worlds, within a top 10 worldwide GDP market of greater Los Angeles, the Offering delivers durable cash flow, positioning investors to capitalize on long-term fundamentals and sustained market demand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,840 SF
Building Class
B
Year Built
1987
Price
$1,470,000
Price Per SF
$517.61
Cap Rate
5.75%
NOI
$84,525
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.49 AC
Zoning
EV-CG, Redlands - General Commercial
Parking
23 Spaces (8.09 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0169-362-19 | Improvements Assessment | $329,838 |
| Land Assessment | $337,039 | Total Assessment | $666,877 |
Property Taxes
Parcel Number
0169-362-19
Land Assessment
$337,039
Improvements Assessment
$329,838
Total Assessment
$666,877
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1636 Redlands Blvd
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