1356 Main StBarstow, CA 92311

Property Details for 1356 Main St

Year built

1960

Lot size

1.41 AC

Property size (Sq ft)

7,136 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Barstow

County

San Bernardino

State

California

Latitude

34.8942

Longitude

-117.006

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