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Three Tenant Retail Strip Center 270 E Base Line St 5,000 SF 100% Leased Retail Building San Bernardino, CA 92410 $1,963,000 ($392.60/SF) 9.61% Cap Rate



Investment Highlights
- 100% Effective Occupancy: Long-Term Tenancy of Mother's Nutritional Center, Recent Lease-up of MJ Spot, and Desirable Cash Flow for Speedy Cash (Dark)
- Well-Maintained Property with Recent Improvements Including New Paint and a Newly Striped Parking Lot
- Recent $5M Investment by San Bernardino County is Bringing 92 New Affordable Housing Units to the Nearby Arrowhead Grove Community
- Well-Located Strip Center on E. Baseline St. with Direct Frontage to Over 26,000 Vehicles Per Day and Dense Population of 162,842 Residents in 3-Miles
- Nearby Demand Drivers Include National Retailers Such as Stater Bros, O'Reilly Auto Parts, Citi Trends and, Jack in the Box
- Additional Income Stream Provided by Clear Channel Communications - Long-Term Stable Income
Executive Summary
Marcus & Millichap is pleased to present 270 East Baseline Street, a ±5,000 square foot well-appointed retail strip center featuring ideal suite configurations, long-term tenants, and value-add potential, situated upon a .59 acre lot, along with additional billboard income.
Located in a well-established commercial corridor of San Bernardino, 270 East Baseline Street offers strong visibility and direct frontage along Baseline Street at South Waterman Avenue with tremendous traffic counts. Frontage along Baseline Street — one of the area's primary east-west retail and commuter thoroughfares — makes this offering ideally suited for neighborhood-serving retail and service tenants.
This well-constructed property was developed in 2004 primarily for Speedy Cash. Speedy Cash (now dark but continuing to pay rent) recently ceased operations as part of a consolidation effort across their California locations and, in turn, sold this building to the current ownership. Opportunity exists to re-tenant the former Speedy Cash space with another payday or auto title loan business or attract other retail tenants over the course of the next year and a half all while continuing to collect rental income through the end of 2027.
The Subject Property benefits from its convenient access to major regional transportation routes including Interstate 10 and Interstate 215, providing connectivity throughout the Inland Empire, a short 10-minute drive to San Bernardino International Airport (SBD), and direct access to surrounding population centers such as Riverside and Ontario. Its central location within the San Bernardino trade area places the Asset within one of Southern California's fastest-growing logistics and population hubs.
Located in a well-established commercial corridor of San Bernardino, 270 East Baseline Street offers strong visibility and direct frontage along Baseline Street at South Waterman Avenue with tremendous traffic counts. Frontage along Baseline Street — one of the area's primary east-west retail and commuter thoroughfares — makes this offering ideally suited for neighborhood-serving retail and service tenants.
This well-constructed property was developed in 2004 primarily for Speedy Cash. Speedy Cash (now dark but continuing to pay rent) recently ceased operations as part of a consolidation effort across their California locations and, in turn, sold this building to the current ownership. Opportunity exists to re-tenant the former Speedy Cash space with another payday or auto title loan business or attract other retail tenants over the course of the next year and a half all while continuing to collect rental income through the end of 2027.
The Subject Property benefits from its convenient access to major regional transportation routes including Interstate 10 and Interstate 215, providing connectivity throughout the Inland Empire, a short 10-minute drive to San Bernardino International Airport (SBD), and direct access to surrounding population centers such as Riverside and Ontario. Its central location within the San Bernardino trade area places the Asset within one of Southern California's fastest-growing logistics and population hubs.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built
2004
Price
$1,963,000
Price Per SF
$392.60
Cap Rate
9.61%
NOI
$188,698
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
Commercial - Retail Trade
Parking
22 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- MJ Spot
- Retailer
- 1,235 SF
- -
- -
- -
- Mother's Nutrional Center
- Retailer
- -
- -
- Triple Net
- -
Speedy Cash began in 1997 when three friends from Wichita, Kansas started the business in California. The company provides short-term financial services to customers needing quick cash solutions. Speedy Cash offers payday loans, installment loans, lines of credit, and title loans. The company also provides check cashing and money transfers. Speedy Cash has grown to operate numerous locations across the United States, Canada, and the UK.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| MJ Spot | Retailer | 1,235 SF | - | - | - | |
| Mother's Nutrional Center | Retailer | - | - | Triple Net | - | |
|
Finance and Insurance | - | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,260,980 | |
| Land Assessment | $467,615 | Total Assessment | $1,728,595 |
Property Taxes
Parcel Numbers
Land Assessment
$467,615
Improvements Assessment
$1,260,980
Total Assessment
$1,728,595
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Three Tenant Retail Strip Center | 270 E Base Line St
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