2005 W Redlands Blvd | Redlands, CA 92373
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2005 W Redlands Blvd
Redlands, CA 92373
Panda Express · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- There are zero landlord responsibilities as the Tenant is responsible for all expenses including taxes, insurance, and maintenance.
- Significant Intrinsic Value - Panda Express occupies a 2,500 sq. ft. drive-thru and sits on a large 38,000 sq. ft. lot.
- Strategic High Traffic Location - Directly south of the I-10 freeway exit, the Subject Property sees over 23,600 cars pass per day.
- Strong Corporate Guarantee - The lease is backed by Panda Express, Inc., which operates over 2,300 locations nationwide.
- Below Market Rents - The Tenant is currently paying below market rents, mitigating risk and allowing for upside in future rental income.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Zoning
CG - General Commercial
Parking
39 Spaces (15.6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0292-310-43 | Improvements Assessment | $1,453,500 |
| Land Assessment | $637,500 | Total Assessment | $2,091,000 |
PROPERTY TAXES
Parcel Number
0292-310-43
Land Assessment
$637,500
Improvements Assessment
$1,453,500
Total Assessment
$2,091,000
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