San Bernardino, CA 92407

IHOP

Property Address

4023 University Parkway, San Bernardino, CA, USA

Offering Summary

  • Price: $3,464,000
  • Lot Size: .74 Acres
  • Cap Rate: 4.85%
  • Year Built: 1998
  • Building SF: 4,000
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Corporate Lease with Eight Years Remaining
  • 10 Percent Rental Increases Every Five Years
  • Strong 24+ Year Operating History
  • Healthy Rent to Sales Ratio
  • 261,373 Residents within a Five-Mile Radius - Dense San Bernardino Infill
  • Recent Renovations and New Sign Package
  • College Town Location Just One Mile from California State University, San Bernardino (19,400 Students)
  • Adjacent to Interstate 215 with Excellent Freeway Visibility - Visible to 46,000 Cars/Day Along University Parkway and 72,000 Cars/Day Along I-215

Broker Information