Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple, 15,032 square foot La-Z-Boy retail property located in a high-traffic San Bernardino shopping center. The property boasts a strong 11-year net lease with a corporate guarantee from La-Z-Boy Inc. (NYSE: LZB), a financially stable company with over 2,300 locations nationwide. The lease commenced September 1, 2024, and expires August 31, 2035, with two five-year renewal options and built-in 6.25% rent bumps. The tenant recently… completed a significant $750,000-$900,000 remodel, adding to the over $1.5 million invested in renovations over the past eight years. This location has a proven track record of success, with over 30 years of operation and FY24 gross sales exceeding $3,600,000. The property generates a strong net operating income (NOI) of $297,000, resulting in a 6.25% cap rate. Strategically situated in South Palm Centre, a major power center alongside national retailers like Home Depot, PetSmart, and LA Fitness, this property benefits from high visibility and significant vehicle and foot traffic. The location is easily accessible off the 10 freeway, Hospitality Lane, and Waterman Avenue, with high daily vehicle counts. San Bernardino's strong demographics, with nearly 85,000 residents within a 3-mile radius and over 250,000 within 5 miles, further enhance the investment potential. This is a rare opportunity to acquire a stable, high-performing retail asset with a long-term lease and significant upside potential. Asking price is $4,752,000.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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