949 Kendall Dr San Bernardino, CA 92407-5801

Property Details for 949 Kendall Dr

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.07 lot acres

Property size

23,730 SF

Property type

Drug stores

APN

0266-521-07-0000

APU

266521070000

Description

This exceptional 23,730-square-foot vacant storefront, a former Rite Aid, presents a compelling investment opportunity in San Bernardino, CA. Located at 949 Kendall Dr, 92407, this Class A, single-story building sits on a 2.07-acre lot and boasts a high dock loading area and lofty ceilings. The property, built in 1990, offers significant potential for owner-users or investors seeking a high-return retail space. With a pro-forma NOI of $355,950 and a pro-forma cap rate of 9.38%, this property is priced at $3,796,800 ($160/SF). The land value alone is $42/SF. The building is part of a thriving neighborhood shopping center (approx. 92,476 SF) with strong co-tenants including Stater Bros., Chase, The UPS Store, and O'Reilly's Auto Parts. Its corner location at Kendall Dr. and 40th St. provides excellent visibility and accessibility. The property's proximity to Cal State San Bernardino further enhances its appeal. This is a NNN lease type property, currently vacant, and easily subdividable, offering diverse leasing possibilities. The property's APN is 2014-044-7893. This represents a rare opportunity to acquire a well-located, sizable retail space with substantial upside potential.

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Longitude

-117.304

Latitude

34.1627

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments