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1857 S Tippecanoe Ave
San Bernardino, CA 92408
Raising Cane's · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease – The Lease is an Absolute Triple Net Lease with Zero Landlord Responsibilities.
- New Construction – 2017 Prototype Construction in High Barriers to Entry San Bernardino Market with Desirable Double Drive-Thru.
- Top Nationwide QSR Credit Tenant – Raising Cane’s Tenant is One of the Fastest Growing QSR Restaurants in the United States with $1.5B in Annual Rev.
- Significant Lease Term Remaining with Options – There are Over 11 Years of Initial Term Remaining Plus Options.
- Upcoming Rent Increase – There is an Upcoming Rent Increase Occurring in December 2022 ($360,000 Year 1 NOI to$380,000 in Year 6)
- Freeway Adjacent Location – Property is Located Right off the I-10 Freeway Entrance/Exit, Which Features Over 194,000 CPD.
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,086 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.24 AC
Zoning
CG1 - Commercial General
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 0281-151-83 | Improvements Assessment | $6,765,201 |
| Land Assessment | $2,110,743 | Total Assessment | $8,875,944 |
Property Taxes
Parcel Number
0281-151-83
Land Assessment
$2,110,743
Improvements Assessment
$6,765,201
Total Assessment
$8,875,944
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