Baseline
Retail | 8.52% CAP | 1,450 SqFt
Marketing description
* Single-tenant retail investment located at the signalized, hard-corner intersection of Baseline Street and Sterling Avenue in Highland, California. ¢ Strong visibility and access along a major east-west traffic corridor with consistent daily traffic counts. * Currently leased to Fiesta Insurance, a regional insurance franchise operating more than 30 locations across California, New Mexico, and Texas. * Durable tenancy supported by an established operator with a scalable multi-state footprint. ¢ Building constructed in 2003 featuring concrete block construction. * Future Letter of Intent negotiated with Watermill Express for water vending and EV charging stations on the adjacent connected vacant land. Clear value-add opportunity through incremental income from future Watermill Express and EV leases. 2-Miles 5-Miles 10-Miles * Upon stabilization, projected returns exceed an 8.8% cap rate, offering strong upside potential.
Investment highlights
* Single-tenant retail investment located at the signalized, hard-corner intersection of Baseline Street and Sterling Avenue in Highland, California. ¢ Strong visibility and access along a major east-west traffic corridor with consistent daily traffic counts. * Currently leased to Fiesta Insurance, a regional insurance franchise operating more than 30 locations across California, New Mexico, and Texas. * Durable tenancy supported by an established operator with a scalable multi-state footprint. ¢ Building constructed in 2003 featuring concrete block construction. * Future Letter of Intent negotiated with Watermill Express for water vending and EV charging stations on the adjacent connected vacant land. Clear value-add opportunity through incremental income from future Watermill Express and EV leases. 2-Miles 5-Miles 10-Miles * Upon stabilization, projected returns exceed an 8.8% cap rate, offering strong upside potential.
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