Redlands Shopping Center
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Investment Offering

Tenant: Redlands Shopping Center
Premises: 5,008 SF
Renewal Options: 1 x 5 Years

Lease Expiration: Varies
Lease Type: NNN
Rental Increases: Varies

 

  • Three Tenant Retail Center – Located in the Inland Empire Area of Redlands, One of the Highest Projected Housing and Job Growth Areas of Southern California
  • Long Term Occupancy History – Two of the Three Tenants Have Occupied the Property for Over 10 Years Proving Their Long Term Commitment to a New Investor
  • National and Regional Tenant Mix – T-Mobile, The Wok Experience, and Silver Spoon Collectively Occupy 100% of the GLA of the Center
  • Low Rents Creating Long Term Value for Growth – Current In-Place Rents Average Only $2.05 PSF / MO, Which is Roughly 10% Below the Estimated Market Rent
  • Significant Growing Income Stream – Two of the Three Tenants Call for 3% Annual Rent Increases, with the Other Tenant Calling for a Minimum of 5% Increase (Based on CPI) Every 2.5 Years
  • Strategically Located 0.5 Miles South of Interstate 10, the Subject Property is 61 Miles East of Downtown Los Angeles and 46 miles Northwest of Palm Springs
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