San Bernardino, CA - Chick-fil-A (Varsity Ave)
$6,667,000
4312 N Varsity Ave, San Bernardino, CA
3.75
Cap Rate
250,000
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed,
Chick-fil-A investment property located in San Bernardino, California. The tenant has approximately 14 years remaining on its lease, with four (5-year) options to extend, demonstrating a long-term commitment to the site. The lease features 10% rental increases every five years throughout the initial term and at the start of each option period, providing a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property features 2024 construction with state-of-the-art materials, a dual drive-thru, and excellent visibility via prominent signage on a 75-foot tall pylon sign fronting Interstate 215, further enhancing traffic capture and brand exposure.
The property is strategically positioned at a high-traffic corner intersection of University Parkway (46,600 VPD) and Interstate 215 (83,000 VPD). The site benefits from direct access via Interstate 215 on/off ramps, a heavily trafficked commuter route serving the broader Inland Empire and providing strong regional connectivity. Interstate 215 overlaps with State Highway 210 (146,000 VPD) just 3-miles South of the property, providing further consumer traffic. Chick-fil-A receives substantial crossover traffic from nearby national retailers including McDonald’s, Starbucks, Ralphs, and LA Fitness-anchored University Town Center, as well as adjacent new-build fast-casual concepts Dutch Bros and Panera, reinforcing the area as a premier fast-food and daily-needs destination. The surrounding trade area is supported by over 254,700 residents and 48,800 employees within five miles, with an average household income of $95,863, providing a deep and stable consumer base. Additionally, the property is located just two miles from California State University of San Bernardino, which enrolls 17,900+ students, further enhancing consistent daytime demand.
Location
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