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Starbucks | San Bernardino, CA 291 E Hospitality Ln 1,200 SF Retail Building San Bernardino, CA 92408 $3,790,000 ($3,158.33/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Double Drive-Thru
- 2025 Construction; Store Opened in July 2025
- Freeway Adjacent: The property benefits from a strategic location just off the I-10 Freeway (210,600 CPD) at Waterman Avenue
- Rare 15-Year Lease;10% Rental Increases Every 5 Years During the Primary Term and Each of the Four 5-Year Options
- Hard Corner, Signalized Intersection of Waterman Avenue and Hospitality Lane (55,000+ CPD)
- Dense, Inland Empire Demographics: More than 257,000 people within a 5-mile radius and 142,440 daytime population within a 3-mile radius
EXECUTIVE SUMMARY
Rare 15-Year Lease | Hard Corner, Signalized Intersection (55,000+ CPD) | 257,000+ People Within 5 Miles
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,200 SF
Building Class
B
Year Built
2025
Price
$3,790,000
Price Per SF
$3,158.33
Cap Rate
4.75%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.58 AC
Opportunity Zone
Yes
Zoning
CR-3 - COMMERCIAL REGIONAL-TRI-CITY/CLUB
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- Retailer
- 1,200 SF
- -
- Triple Net
- Jul 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | Retailer | 1,200 SF | - | Triple Net | Jul 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0141-402-47 | Improvements Assessment | $489,400 |
| Land Assessment | $570,178 | Total Assessment | $1,059,578 |
PROPERTY TAXES
Parcel Number
0141-402-47
Land Assessment
$570,178
Improvements Assessment
$489,400
Total Assessment
$1,059,578
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Starbucks | San Bernardino, CA | 291 E Hospitality Ln
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