1356 Main St Barstow, CA 92311
- Retail space
- 7,136 SF
- 1.41 lot acres
Current Use by Public Records
- Gutierrez Martial Arts Studio / Martial Arts School
- James R. Dallas, O.D. / Optometrist
Property Details for 1356 Main St
- Year built
- 1960
- Lot size
- 1.41 lot acres
- Property size
- 7,136 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 0181-293-22-0000
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Barstow
- County
- San Bernardino
- State
- California
- Longitude
- -117.0058906
- Latitude
- 34.8941567
