22220 Barton Rd Grand Ter Grand Terrace, CA 92313
- Retail properties
- 6,200 SF
Current Use by Public Records
- Retail properties
Property Details for 22220 Barton Rd Grand Ter
- Year built
- 2023
- Property size
- 6,200 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Class A retail property, located at 22200 & 22220 Barton Rd, Grand Terrace, CA 92313, presents a compelling investment opportunity. The 6,200 square foot center sits on a 60,000-70,000 square foot lot and features two single-story buildings constructed in 2023. Currently boasting 100% occupancy with a diverse mix of five tenants including Starbucks, Wingstop, Baskin-Robbins, Piara Pizza, and Rapha Tea, this property offers immediate cash flow. The tenants are a combination of credit-rated franchisees and corporate-guaranteed businesses, ensuring financial stability. The property is leased under a NNN (Triple Net) lease structure with a remaining term of nine years on a ten-year lease. The current NOI is $366,140, yielding a 4.76% cap rate, with a pro-forma NOI of $375,840 and a pro-forma cap rate of 4.88%. The property is zoned GC (General Commercial) and benefits from its strategic location across from a Stater Bros center, anchored by McDonald's, Miguel's, and Auto Zone. The ongoing Barton Road interchange project further enhances the area's accessibility and appeal. The two parcels are available for purchase together or separately. This investment offers a strong return on investment with significant upside potential due to the property's prime location and the ongoing growth of Grand Terrace.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Terrace
- County
- San Bernardino
- State
- California
- Longitude
- -117.32
- Latitude
- 34.0338