NNN Grocery Corner
27550 Base Line St Highland, CA 92346
For Sale
Contact for pricing
Signalized corner retail property leased long-term to Smart & Final under an NNN structure with scheduled rent escalations.
Property Size27,524 SF
Price / SF$354.24
Days on Market76
Property Features for 27550 Base Line St
General Information
- Standard status
- Active
- Size
- 27,524 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2017
Listing Agency:
NAI Capital - Pasadena
(626) 204-1516
Listed By:
Dave Maron · License #CA 00620557
Source:
Crexi
Added: May 9
Changed: Jul 22
Last Checked: Jul 23 at 12:11PM
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 NAI Capital - Pasadena
Investment Insights
Based on property information with market context.
This NNN investment property is leased long-term to Smart & Final Stores, LLC. The 20-year lease commenced in July 2018 and runs through June 2038, and the lease includes scheduled 7.5% rent increases every five years. Four (4) five-year extension options are also included, potentially extending the term through 2058.
The property is located at 27550 Base Line St in Highland, California, on a signalized corner with visibility and direct access. It sits just under a quarter mile from Interstate 210, which carries approximately 70,000 vehicles per day, and Base Line Street sees approximately 32,000 vehicles daily, supporting consistent traffic flow.
The asset is presented as part of an established retail trade area within the Inland Empire, with a described three-mile radius population of over 80,000 residents and nearby national tenants supporting day-to-day consumer activity.
The property is located at 27550 Base Line St in Highland, California, on a signalized corner with visibility and direct access. It sits just under a quarter mile from Interstate 210, which carries approximately 70,000 vehicles per day, and Base Line Street sees approximately 32,000 vehicles daily, supporting consistent traffic flow.
The asset is presented as part of an established retail trade area within the Inland Empire, with a described three-mile radius population of over 80,000 residents and nearby national tenants supporting day-to-day consumer activity.
Key Highlights
- 2017‑built signalized corner retail property at 27550 Base Line St in Highland, CA
- Long‑term NNN lease with Smart & Final Stores, LLC
- 20‑year lease commenced July 2018 and runs through June 2038 (about 12+ years remaining)
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 | $594.5k | $21.60 |
| − Vacancy | −$30.9k | −$1.12 |
| EGI | $563.6k | $20.48 |
| − OpEx | −$169.1k | −$6.14 |
| NOI | $394.5k | $14.33 |
27,524 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.64M
$4.93M – $6.58M
NOI $394,522 @ 7.0% cap · market cap 4.05%
Second Best
Specialty Retail
$3.81M
$3.34M – $4.45M
NOI $266,926 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$5.81M
$5.08M – $6.77M
NOI $406,405 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Smart & Final Extra!
Big Box & Wholesale Store
FAQs
What type of property is this?
NNN property - Signalized corner retail property leased long-term to Smart & Final under an NNN structure with scheduled rent escalations.
Where is this nnn property located?
The property is located at 27550 Base Line St Highland, CA.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: 2017‑built signalized corner retail property at 27550 Base Line St in Highland, CA; Long‑term NNN lease with Smart & Final Stores, LLC; 20‑year lease commenced July 2018 and runs through June 2038 (about 12+ years remaining)
