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360 Orange St
Redlands, CA 92374
LemonShark Poke · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
4,180 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2013
Tenancy
Single
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.10 AC
Zoning
GC
Parking
4 Spaces (0.8 Spaces per 1,000 SF Leased)
Frontage
39’ on Orange St

AMENITIES

  • Signage
  • Signalized Intersection
  • Air Conditioning

ABOUT 360 ORANGE ST , REDLANDS, CA 92374

INVESTMENT HIGHLIGHTS • Long Term Net Lease – LemonShark Poké is on a long term, 15-year net lease, providing income stability and a “coupon clipper” investment » National Chain Tenant – Lemon Shark Poke currently has 12 open locations and is positioned for rapid growth with 27 locations coming soon and 80 franchises sold within the past 18 months » Mission Critical Site – This location acts as the tenant’s operational, franchise, and training hub, supporting this and future LemonShark Poké locations • Scheduled Rental Increases – 2.5% annual rental increases throughout the lease term provide an inflationary hedge compared to many “flat” STNL investments • Pride of Ownership Asset – With its recent construction, high-quality improvements, excellent exposure with custom building side mural, and Orange Street location, this is one of the best retail buildings in Downtown Redlands • Vibrant Retail Trade Area – Located in the heart of the Redlands retail corridor with surrounding tenants including: Trader Joe’s, Office Depot, Krikorian Cinema, Vons, CVS, Chipotle, Corner Bakery, Starbucks, Pieology Pizzeria, Anytime Fitness, Chase, Wells Fargo, Bank of America, Citibank, Denny’s, Shell and others • Strong, Affluent Redlands Demographics – More than 75,800 people in a 3-mile radius with an Average Household Income of $98,987

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0169-301-29
Land Assessment
$433,500
Improvements Assessment
$1,683,000
Total Assessment
$2,116,500
  • Listing ID: 13726946

  • Date on Market: 9/7/2018

  • Last Updated:

  • Address: 360 Orange St, Redlands, CA 92374

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