San Bernardino Retail Investment
1054 W Highland Ave, San Bernardino, CA 92405
Single-tenant discount retail investment in a high-traffic San Bernardino location.
Type:Retail
Property size:
9,180 SFPrice / SF:
$256/SF- Added:
- Feb 9, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 1054 W Highland Ave
General Information
- Standard status
- Active
- Size
- 9,180 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2013
Listing agent Lance Mordachini License #02153137
Listing office Progressive Real Estate Partners
Listing date Feb 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Progressive Real Estate Partners
HighLights
- Attractive 7.15% in‑place cap rate offering a strong yield.
- Located in a dense, infill urban corridor with limited competing retail land, supporting long‑term tenant demand.
- High‑frequency, necessity‑based retail use demonstrating resilience across economic cycles.
- Exceptional regional connectivity via I‑215, I‑210, and State Route 259.
- Positioned directly across from Home Depot and Stater Bros., driving consistent daily traffic.
- On‑site recycling center provides a supplemental income stream.
Overview
This single-tenant discount retail investment is located along Highland Avenue in San Bernardino, a primary east-west retail corridor serving a dense, established urban trade area. The property is offered at a 7.15% in-place cap rate, providing a strong in-place yield from a necessity-based retail use that benefits from high-frequency visitation and resilience across economic cycles. The property is centrally located between I-215, I-210, and State Route 259, providing regional connectivity. Positioned directly across from Home Depot and Stater Bros., the location benefits from consistent daily traffic. Situated within a dense, infill urban corridor with limited competing retail land available for future development, the location supports long-term tenant demand and durable occupancy. The property also features an on-site recycling center that provides a supplemental income stream. With a strong surrounding population density of approximately 159,280 residents within a 3-mile radius and nearly 350,000 residents within a 5-mile radius, the asset is well positioned to benefit from sustained, repeat consumer demand in a well-established urban retail trade area. The property size is 9180 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $189.5k | $20.64 |
| − Vacancy | −$12.1k | −$1.32 |
| EGI | $177.3k | $19.32 |
| − OpEx | −$53.2k | −$5.80 |
| NOI | $124.1k | $13.52 |
9,180 SF · lease $20.64/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.07M
NOI $124,144 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.42M – $3.23M
NOI $193,529 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
FAMILY DOLLAR
Discount Store
Super Bargains
Department Store
Location Insight
- Map
- Local Demand
- City
- San Bernardino
- County
- San Bernardino
- State
- California
- Longitude
- -117.3067388
- Latitude
- 34.1365578
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Single-tenant discount retail investment in a high-traffic San Bernardino location.
Where is this retail space located?
The property is located at 1054 W Highland Ave San Bernardino, CA.
What is the asking price?
The asking price for this property is $2,355,000.
What are key features of this property?
This property features: Attractive 7.15% in‑place cap rate offering a strong yield.; Located in a dense, infill urban corridor with limited competing retail land, supporting long‑term tenant demand.; High‑frequency, necessity‑based retail use demonstrating resilience across economic cycles.
