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30104946
30104947

4312 N Varsity Ave, San Bernardino, CA 92407 For Sale

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$6,250,000
139 days on market
Updated 21 days ago

Chick-fil-A | San Bernardino, CA

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,761
Cap Rate 4%
NOI $250,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 10/31/2039
Remaining Term 13.3
Rent Bumps Yes
Lease Options 4 (5-Year)
Price per SqFt $1,313
Year Built 2024
Acreage 2.520
Zoning CG-1: Commercial
Parking Spaces 100 spaces
Parking per 1,000 SqFt 21.00
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2024
Ground Lease Yes
Ownership Leased Fee (Land Only)

Retail | 4.00% CAP | 4,761 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, Chick-fil-A investment property located in San Bernardino, California. The tenant has approximately 14 years remaining on its lease, with four (5-year) options to extend, demonstrating a long-term commitment to the site. The lease features 10% rental increases every five years throughout the initial term and at the start of each option period, providing a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property features 2024 construction with state-of-the-art materials, a dual drive-thru, and excellent visibility via prominent signage on a 75-foot tall pylon sign fronting Interstate 215, further enhancing traffic capture and brand exposure.

Investment highlights

  • 14 Years Remaining | Scheduled Increases | Options To Extend |Corporate Guaranteed | Drive-Thru Equipped | Excellent Signage

  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities

  • Corner Intersection (Combined 129,600 VPD) | Dense QSR Corridor

  • Strong Demographics In 5-Mile Trade Area | Direct Consumer Base California State University of San Bernardino (17,900+ Students)

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
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$250,000.00
$20,833.33/mo

Valuation Metrics

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DSCR
4%
Cap Rate
4%
ROI

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Additional Information

Name
Garrett Colburn
License
CA License No. #01416734
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
Name
Patrick R. Luther, CCIM
License
01912215
Brokerage
SRS
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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