494 S Mt Vernon Ave | San Bernardino, CA 92410
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- LoopNet Team
494 S Mt Vernon Ave
San Bernardino, CA 92410
NEW PRICE, NOW 4.75% CAP RATE! · Retail Property For Sale
Investment Highlights
- Newer 2020 Construction – Completely Redeveloped/Remodeled in 2020
- Absolute NNN Lease – Tenant is Responsible for 100% of All Operating Costs Including Property Taxes, Insurance, Repairs & Maintenance, etc.
- Located at the Signalized Intersection of S. Mt Vernon Avenue & W. Mill Street - High Traffic Location Over 23,000 VPD
- 15 Years Lease, with 11 Years Remaining plus Three (3) 5-Year Options
- Zero Landlord Management Responsibilities - Perfect for 1031 Exchange
- Large ±22,582 SF Lot (3 Parcels) – May Present Potential for Development/Addition (Buyer to Verify with City Planning and Buyer’s Architect)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,200 SF
Building Class
B
Year Built/Renovated
1995/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.52 AC
Zoning
CG - General commercial
Parking
10 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,038,978 | |
| Land Assessment | $679,660 | Total Assessment | $2,718,637 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$679,660
Improvements Assessment
$2,038,978
Total Assessment
$2,718,637
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