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325 E Hospitality Ln
San Bernardino, CA 92408
Golden Corral Absolute NNN Investment · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
11,337 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.26 AC
Zoning
CR3
Parking
190 Spaces (16.76 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Security System
- Monument Signage
- Air Conditioning
About 325 E HOSPITALITY LN , SAN BERNARDINO, CA 92408
The offering consists of a 11,229 SF restaurant situated on 2.29 acres of land. The lease will have a remaining term of 14 years and expire on February 16, 2032, to match the franchise agreement, along with two 5-year options. The annual rent will be $456,000 NNN with 8% increases every five years. The asking price of $7,600,000 will yield a 6.00% cap rate. The absolute triple net lease offers a true hands-off investment. This is ideal for a 1031 exchange buyer looking to trade into a less management intensive product type. Since opening in February of 2017 this San Bernardino location has set new records for the highest grossing unit in the system. This store is poised to become
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,881,078 | |
| Land Assessment | $2,803,015 | Total Assessment | $7,684,093 |
Property Taxes
Parcel Numbers
Land Assessment
$2,803,015
Improvements Assessment
$4,881,078
Total Assessment
$7,684,093
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