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Multi-Tenant Retail Opportunity For Sale

291-297 E Highland Ave and 2180 N Waterman Ave Portfolio San Bernardino, CA

291-297 E Highland Ave and 2180 N Waterman Ave Portfolio, San Bernardino, CA, 00000
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Multi-tenant retail center with drive-thru and billboard income.

Property Size6,114 SF
Lot Size0.76 Acres
Price / SF$489.86
AddedOct 14, 2025
Days on Market274
Last RefreshMay 19 at 9:29 pm

Property Features for 291-297 E Highland Ave and 2180 N Waterman Ave Portfolio

General Information

Standard status
Active
Size
6,114 SF
Lot size
0.76 Acres
Property subtype
RETAIL

Listing office KW Commercial

Listing date Oct 14, 2025

Source Moodyscre

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 KW Commercial


Investment Insights

Based on property information with market context.

This multi-tenant retail property is situated on approximately 0.76 acres. The center features a mix of recognizable tenants, including Subway and Baker’s Drive-Thru, alongside other established retailers. The property includes a freestanding drive-thru restaurant located on its own parcel. An on-site billboard provides supplemental income and enhances exposure for the property. The property contains 6,114 square feet and is located at 291-297 E Highland Ave and 2180 N Waterman Ave in San Bernardino, CA.

Key Highlights

  • Strong, recognizable anchor tenants including Subway and Baker’s Drive‑Thru.
  • Supplemental income stream from on‑site billboard.
  • Free‑standing drive‑thru restaurant included.

Local Financial Insights For Specialty 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 $139.4k $22.80
− Vacancy −$8.1k −$1.32
EGI $131.3k $21.48
− OpEx −$32.8k −$5.37
NOI $98.5k $16.11
6,114 SF · lease $22.80/SF/yr · vacancy 5.80% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M (±1% cap)
NOI $98,486 @ 7.0% cap · market cap 3.29%
Second Best
Retail
$1.18M
$1.03M – $1.38M (±1% cap)
NOI $82,682 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M (±1% cap)
NOI $128,893 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Locksmith Skin Care Clinic Garden Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Gym & Fitness Center Pet Store Pet Store & Service Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Star World Plaza — 2878 W Rialto Ave, San Bernardino, CA 92401
  • Plaza Waterman — 013639136, San Bernardino, CA 92408
  • R&a Upholstery — 433 S Waterman Ave, San Bernardino, CA 92408

FAQs

What type of property is this?
Shopping center - Multi-tenant retail center with drive-thru and billboard income.
Where is this shopping center located?
The property is located at 291-297 E Highland Ave and 2180 N Waterman Ave Portfolio San Bernardino, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Strong, recognizable anchor tenants including Subway and Baker’s Drive‑Thru.; Supplemental income stream from on‑site billboard.; Free‑standing drive‑thru restaurant included.
Contact an agent
(909) 980-6868 Call to check price and availability
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