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Property profile & analytics
OFF-MARKET
Commercial real estate

390 Hospitality Ln San Bernardino, CA 92408

10,171 SF Built 1986
Individually Owned 3-yr Hold
Property ID
US10-1429372
Property summary
AI-generated overview

This exceptional 10,171 square foot restaurant is available for sale at $4,725,000. Located at 390 E Hospitality Lane in San Bernardino, CA 92408, this single-story, 1986-built property boasts high visibility from the I-10 Freeway and sits on a 21,344 square foot lot. The property features a fully equipped commercial kitchen (lacking only a dishwasher), a contemporary bar area with seating for 62, and a spacious dining area with capacity for 298 patrons (236 inside, additional outside seating). The building includes 9 rooftop units (RTU), 5 exhaust fans (EF), and 4 make-up fans (MUF) for HVAC. Fire suppression is provided by a fully sprinklered and alarmed system with ionization-type smoke detectors. The roof is a thermoplastic polyolefin (TPO) membrane, and a 1000-gallon grease trap is in place. An automated commercial cooking oil management system is also installed. The property is ADA compliant and includes ample parking (60 spaces, 6.2 ratio), plus reciprocal parking with nearby buildings, totaling approximately 1,535 stalls. All existing furniture and kitchen equipment are included, comprising 160 chairs, 60 stools, 46 tables, 8 high-top tables, a reception desk, office chairs, stoves, deep fryers, ovens, refrigerators, storage, racks, and various cooking utensils and storage pans. The property is zoned ERW and is offered as a vacant, owner/user investment opportunity with NNN lease terms negotiable. A full set of plans is available. The San Bernardino dining sector is experiencing growth, with a local median household income of $75,000 and a county-wide median of $103,000. The area has seen a 3% population increase since 2020. This turnkey operation presents significant growth potential and flexibility for various dining concepts. Internal roof access is also available.

Property profile
Verified
Property type Commercial real estate
Year built 1986
Total area 10,171 SF
APN 0281-372-03-0000
UPID US10-1429372
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TGI Fridays Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Benjamin Schick · 3 yrs held
Benjamin Schick
since 2023
3 recorded transactions
2023
Price N/A
2022
$4.7M
2019
$3.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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