Three Tenant Retail Strip Center
Retail | 9.61% CAP | 5,000 SqFt
Marketing description
Marcus & Millichap is pleased to present 270 East Baseline Street, a ±5,000 square foot well-appointed retail strip center featuring ideal suite configurations, long-term tenants, and value-add potential, situated upon a .59 acre lot, along with additional billboard income.
This well-constructed property was developed in 2004 primarily for Speedy Cash. Speedy Cash (now dark but continuing to pay rent) recently ceased operations as part of a consolidation effort across their California locations and, in turn, sold this building to the current ownership. Opportunity exists to re-tenant the former Speedy Cash space with another payday or auto title loan business or attract other retail tenants over the course of the next year and a half all while continuing to collect rental income through the end of 2027.
The Subject Property benefits from its convenient access to major regional transportation routes including Interstate 10 and Interstate 215, providing connectivity throughout the Inland Empire, a short 10-minute drive to San Bernardino International Airport (SBD), and direct access to surrounding population centers such as Riverside and Ontario. Its central location within the San Bernardino trade area places the Asset within one of Southern California's fastest-growing logistics and population hubs.
Investment highlights
100% Effective Occupancy with Long-Term Tenancy of Mother's Nutritional Center, Recent Lease-up of MJ Spot, and Desirable Cash Flow for Remainder of Speedy Cash Lease Term Through December 2027
Well-Located Strip Center on East Baseline Street with Direct Frontage to Over 26,000 Vehicles Per Day and Surrounding Proximity to 162,842 Residents Within a 3-Mile Radius
Nearby Demand Drivers Include National Retailers Such as Stater Bros, O'Reilly Auto Parts, Citi Trends and, Jack in the Box
Recent $5M Investment by San Bernardino County is Bringing 92 New Affordable Housing Units to the Nearby Arrowhead Grove Community in Phase IV, Following the Previous Construction of 283 Units
Additional Income Stream Provided by Clear Channel Communications - Long-Term Stable Income
Well-Maintained Property with Recent Improvements Including New Paint and a Newly Striped Parking Lot
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