Shoe Palace & Elliot’s Pet Emporium

895 South E Street, San Bernardino, CA
Deal Type:
Net Lease
Price:
$3,536,371
Cap Rate:
7.00%
Current Rent:
$247,546
Building Sq. Ft.:
17,307 SF
Site Size:
1.00 Acres

Investment Highlights

  • COMMITMENT: Lease calls for 4% annual rental escalations, providing a strong hedge against inflation.
  • VALUE ADD: Future upside in rents as 57% (Elliot’s Pet Emporium) of the annual rent is below market.
  • CREDIT: Lease guaranteed by Shoe Palace Corporate, a wholly owned subsidiary of JD Sports, a $7b revenue company
  • SURROUNDING RETAIL: Situated in a dense retail corridor with high quality tenants, including: Costco Wholesale, Target, Sam’s Club, Home Depot, Planet Fitness

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Dorothy Lee

Vice President
626 236 3823
[email protected]

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