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31311297
31311296

390 E Hospitality Ln, San Bernardino, CA 92408

ME
CA 00877967
Earley Schick & Associates
Listed by Earley Schick & Associates
$5,999,000
202 days on market
Updated 18 days ago

390 Hospitality Lane

Details
APN 0281-372-03-0000
Property Type Retail, Hospitality
Sub Type Bar, Restaurant
Square Footage 9,685
Net Rentable (SqFt) 9,685
Units 1
Cap Rate 4.17%
NOI $249,996
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/01/2040
Remaining Term 13.7
Rent Bumps Yes
Lease Options 3 - 5 year options
Price per SqFt $619
Broker Co-Op Yes
Year Built 1986
Year Renovated 2025
Buildings 1
Stories 1
Lot Size (SqFt) 21,344
Zoning ERW/
Investment Type Net Lease
Lease Commencement 03/03/2025
Ground Lease No
Sale Condition 1031 exchange

Freeway-visible, newly remodeled Ojos Locos–anchored restaurant asset in San Bernardino’s top dining

Marketing description

A premier freeway-visible restaurant building is available for sale at 390 E Hospitality Lane in San Bernardino, anchored by a long-term lease to Ojos Locos Sports Cantina, which has invested over $1,300,000 refurbishing and rebranding the property as a high-energy Latin sports bar and restaurant destination. This fully modernized, single-tenant asset combines strong traffic counts, extensive capital upgrades, and excellent regional access, making it a compelling, stabilized investment opportunity in the heart of the Inland Empire’s primary hospitality corridor.

Property and tenancy overview

The building totals approximately 10,171 square feet and is configured as a full-service restaurant with expansive dining areas, bar, commercial kitchen, and indoor–outdoor flow supporting nearly 300 guests between interior seating and the patio. Ojos Locos operates the premises under a long-term triple-net structure, delivering a passive income profile with the tenant responsible for maintenance, repairs, taxes, insurance, and utilities.

Location and access

Positioned just off the Interstate 10 on- and off-ramps, the property offers exceptional visibility to heavy freeway traffic, plus strong counts along E Hospitality Lane and S Waterman Avenue. The site is surrounded by hotels, national retailers, and restaurant concepts that draw local residents, office workers, and freeway travelers, reinforcing the corridor as San Bernardino’s dominant dining and retail destination.

Recent refurbishment and upgrades

Ojos Locos has completed a comprehensive remodel of the former restaurant space, investing more than $1 million into interior finishes, branding, bar and audio-visual buildout, seating, and cosmetic exterior improvements to create a contemporary Latin sports cantina environment. These upgrades complement the existing full commercial kitchen, ADA-compliant access and restrooms, tenant-controlled HVAC, security system, and outdoor patio, significantly reducing near-term capital needs for an investor.

Demographics and trade area

Within a three-mile radius, the property benefits from solid household incomes and a growing residential base, with the broader five-mile ring encompassing a population well into the six figures and projected growth over the coming years. The Hospitality Lane corridor functions as a regional dining, retail, and hotel hub for San Bernardino and surrounding communities, benefiting from both destination traffic and steady demand from nearby employment centers and lodging.

Recent permitted upgrades at a cost of over $1,300,000:

  • 1000 gal grease interceptor (updated)

  • Handicap restrooms (updated)

  • New sewer line and subfloor drain and sinks

  • New cook line

  • New bar and seating configurations

  • New beer cooler

  • New sound and video system

  • New lighting system

  • New HVAC units

  • New vulcanized roofing

  • New Ansul Fire Suppression/Sprinklers & Alarm

  • Blinds, flooring, steel reinforcement, plumbing, counter tops, electrical, and more. Itemized list can be provided.

Investment highlights

Investment highlights

The offering features a single-tenant, triple-net lease to a growing regional restaurant brand that emphasizes sports-centric, late-night food-and-beverage operations, aligning well with the high-traffic, freeway-adjacent location and surrounding hotel base. Combined with Ojos Locos’ substantial recent capital investment in the building and the corridor’s strong visibility and access, 390 E Hospitality Lane presents an opportunity to acquire a newly refurbished, branded restaurant asset with durable income and long-term upside in a key Inland Empire trade area.

Recent permitted upgrades at a cost of over $1,300,000:

  • 1000 gal grease interceptor (updated)

  • Handicap restrooms (updated)

  • New sewer line and subfloor drain and sinks

  • New cook line

  • New bar and seating configurations

  • New beer cooler

  • New sound and video system

  • New lighting system

  • New HVAC units

  • New vulcanized roofing

  • New Ansul Fire Suppression/Sprinklers & Alarm

  • Blinds, flooring, steel reinforcement, plumbing, counter tops, electrical, and more. Itemized list can be provided.

Listing Contacts

ME
CA 00877967
Earley Schick & Associates
Listed by Earley Schick & Associates

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$249,996.00
$20,833.00/mo

Valuation Metrics

0
DSCR
4.17%
Cap Rate
4.17%
ROI

Map

Zoning

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CR-3 CommercialGeneral CommercialCommercial Regional 3
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Last updated Jun 19, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Michael Earley
License
00877967
Brokerage
eXp of California Inc
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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