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$1,190,000
Est. payment /mo
0.57 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP26028081
HOA Y/N No
Lot Size 0.567 Acres
Property Sub-Type Retail
Property 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.
Upon stabilization, projected returns exceed an 8.8% cap rate, offering strong upside potential.
Attractive investment profile combining stable in-place cash flow with embedded growth opportunities.
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.
Upon stabilization, projected returns exceed an 8.8% cap rate, offering strong upside potential.
Attractive investment profile combining stable in-place cash flow with embedded growth opportunities.
Location
State CA
County San Bernardino
Area 276 - Highland
Interior
Fireplace No
Laundry None
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 1191181560000
Special Listing Condition Standard
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Listed by Matthew Arfa AMS Holdings, Inc. 714-726-9909, DRE #02048672
Nearby Locations
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