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1356 Main St Barstow, CA 92311

Sponsored
For Sale
$1,100,000

High-yield retail center, 100% occupied.

Property size:
7,136 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents the Barstow Shops, a 7,136 square foot retail property situated at 1356 E Main St, Barstow, CA 92311. The multi-tenant property boasts 100% occupancy with three established tenants, generating a strong net operating income (NOI) of $89,295 and an attractive 8.12% cap rate. Built in 1960 on a 1.41-acre lot (APN 0181-293-22-0000), this storefront property offers a compelling price per square foot of $154.15, significantly below replacement cost estimates. The current tenants have an average lease term of nearly 23 years, providing a stable and durable cash flow stream. The property benefits from its location in a thriving Mojave River Valley retail submarket with over 95% occupancy and record-high market rents of $20.62 per square foot annually. Further growth is anticipated due to limited new construction, increased demand driven by the $1.5 billion BNSF Railway expansion, a nearby Brightline West commuter train stop, and the proposed $160 million Barstow Casino and Resort. This property represents a rare opportunity to acquire a stabilized, high-yielding retail center in a rapidly growing market. The asking price is $1,100,000.

Property Features for 1356 Main St

General Information

Property type
Individual retail properties
Square Feet
7,136 SF
Lot Size
61,420 SF

Building Details

Year Built
1960

HighLights

  • 7,136 SF retail property at 1356 E Main St, Barstow, CA, with 100% occupancy and three established tenants.
  • $1,100,000 asking price, offering an 8.12% cap rate and $89,295 NOI.
  • Below market rents averaging $10.90 PSF, significantly below replacement cost of approximately $250 PSF.
  • Strong retail fundamentals in a 95%+ occupied submarket with record high rents of $20.62 PSF, driven by major infrastructure projects including the BNSF Railway expansion, Brightline West commuter rail, and a proposed casino resort.
Property Profile Location Intelligence

Current Use by Public Records

Gutierrez Martial Arts ... Martial Arts School James R. Dallas, ... Optometrist

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Barstow
County
San Bernardino
State
California
Longitude
-117.0058906
Latitude
34.8941567

FAQs

What type of property is this?
Individual retail property - High-yield retail center, 100% occupied.
Where is this individual retail property located?
The property is located at 1356 Main St Barstow, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,136 SF retail property at 1356 E Main St, Barstow, CA, with 100% occupancy and three established tenants.; $1,100,000 asking price, offering an 8.12% cap rate and $89,295 NOI.; Below market rents averaging $10.90 PSF, significantly below replacement cost of approximately $250 PSF.
More about this property
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