4236 N Varsity Ave - Freestanding FOR SALE


San Bernardino, CA 92407
$2,841,000 USD
480-221-4221
4236 N Varsity Ave, San Bernardino, CA for Sale
$2,841,000 USD
Freestanding - FOR SALE
1/9
null | 4.4% Cap Rate

4236 N Varsity Ave
San Bernardino, CA 92407


HIGHLIGHTS

  • New 15-Year Lease | 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)

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped, corporate guaranteed (NYSE: BROS), Dutch Bros investment property located in San Bernardino, California. The tenant, BB Holdings CA, LLC, recently signed a new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,841,000 USD

PRICE/SF

$2,991 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | New 15yr Corp Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

CG-1

APN/PARCEL ID

0266-591-08

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.