Grocery-Anchored Pad Site

Highlights:

• Pad Site to Two-Tenant Grocery-Anchored Retail Center – Food 4 Less and Ross is a ±83,760 square feet retail center situated on over six (6) acres. The synergistic tenant mix has solidified the center as being an essential service and daily needs shopping destination for the community.
• Large Parcel – Consisting of over 58,800 square feet of commercially zoned land, the land parcel offers an array of layouts and uses.
• Established Locations – Both Food 4 Less and Ross have occupied their respective units over fourteen (14) years and have extended their leases.
• Strong Store Sales and Healthy Rent to Sales Ratio – Food 4 Less has experienced three (3) consecutive years of sales growth. With 2024 sales exceeding $30.45 million, Food 4 Less is operating at just a two percent (2.0%) rent vs. sales ratio.
• Infill San Bernardino, CA Retail Location – Located in Downtown San Bernardino, the property is located at a prominent intersection in San Bernardino, CA, ensuring high visibility and accessibility.
• Excellent Access – The parcel has multiple access points from E Street and 2nd Street, in addition to easement access to the Food 4 Less and Ross parcel.

Description:

Signalized Corner Redevelopment Pad Site to Grocery-Anchored Center

High Traffic Signalized Corner Location – The pad site is located directly east of the 215 Freeway 2nd Street exit at the major signalized intersections of E Street and 2nd Street. This prominent location benefits from combined traffic counts exceeding 25,797 cars per day, ensuring high visibility and accessibility.

Major Retail Corridor with Regional Draw - Situated within Downtown San Bernardino’s commercial sector, the property is in close proximity to major retailers such as Marshalls, Starbucks, McDonald’s, dd’s Discounts, and major points of interest including the San Manuel Stadium (Los Angeles Angels Single-A affiliate baseball stadium) and San Bernardino County Courthouse, .

Dense San Bernardino Submarket Demographics - The surrounding area boasts a dense population, with 137,616 residents within a three (3)-mile radius and an average household income exceeding $73,818. The population is projected to grow at an annual rate of 0.05% over the next five (5) years, further enhancing the center’s customer base and long-term viability.

Across from Major Planned Redevelopment – Food 4 Less and Ross is located across the street from the former Carousel Mall, which is owned by the City. The 43-acre site is part of an on-going downtown revitalization project aiming to create a mixed-use district with housing, retail, office, and educational uses.

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