Description
MGR Real Estate is pleased to offer this prime investment opportunity located at 242 E. Hospitality Lane in San Bernardino, California. The subject property is a freestanding restaurant (Star Crab), approximately 5,138 square-foot building situated on approximately 39,047 square-foot lot with easy ingress/egress and abundance of parking @ 6.22/1,000 SF parking ratio. The property was originally built in 1979 and was completely renovated in 2017 with major improvements to the interior and exterior of the building. It's a must see!! Current tenant has 4-years remaining on his 5-year triple-net lease with 4 percent yearly increase, including the two five-year option periods.The subject property is in the Hospitality Lane corridor of Restaurant Row for the region and the office hub for major companies. The property is across the street from La Quinta Inn and Hilton Hotels, and surrounded by National Food Retailers , including Red Lobster, I HOP, Claim Jumper, EL Torito, Lotus Gardens, Black Angus, and King Chinese Buffet. Excellent access to the I-10 & I-215 Freeways and just west of the Waterman Avenue thoroughfare.
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0BEDS
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39047ACRES
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0BATHS
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01/2 BATHS
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5,138SQFT
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$350$/SQFT
School Ratings & Info
Description
MGR Real Estate is pleased to offer this prime investment opportunity located at 242 E. Hospitality Lane in San Bernardino, California. The subject property is a freestanding restaurant (Star Crab), approximately 5,138 square-foot building situated on approximately 39,047 square-foot lot with easy ingress/egress and abundance of parking @ 6.22/1,000 SF parking ratio. The property was originally built in 1979 and was completely renovated in 2017 with major improvements to the interior and exterior of the building. It's a must see!! Current tenant has 4-years remaining on his 5-year triple-net lease with 4 percent yearly increase, including the two five-year option periods.The subject property is in the Hospitality Lane corridor of Restaurant Row for the region and the office hub for major companies. The property is across the street from La Quinta Inn and Hilton Hotels, and surrounded by National Food Retailers , including Red Lobster, I HOP, Claim Jumper, EL Torito, Lotus Gardens, Black Angus, and King Chinese Buffet. Excellent access to the I-10 & I-215 Freeways and just west of the Waterman Avenue thoroughfare.
Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T11:27:24.737. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.