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San Bernardino Cty: Dept Behavioral Health
18818 Outer Highway 18 North, Apple Valley, CA 92307
$14,905,000
Cap Rate 6.00%
Summary
| Price $14,905,000 | Built/Renov 2023 | Tenant San Bernardino Cty: Dept Behavioral Health |
| Cap Rate 6.00% | Lease Type
Modified Gross | Guarantor Corp Rated |
| Size/SF
27,019
| Lease Start
12-01-2023
| #Units
42
|
| Price/SF $551.65 | Expiration
11-30-2038
| Tenant Type Medical/Health |
| NOI $894,540 | R. Term 14.11 | Ownership Fee Simple |
| Rent/SF
$33.11
| Increases 0.0%/5/yrs | Pop 5Mi 107,716 |
| Lot/AC 2.72 | Options 1/5yrs | AHHI 5Mi $78,300 |
| | |
Lease Highlights
- Brand new 2023 construction
- County of San Bernardino Behavioral Health recently singed a brand new 15-year lease with 1 (5- year) option to extend
- Lease features FMV rental increase at the start of the option period
- Corporate guarantee by County of San Bernardino
Location Description
San Bernardino County Behavioral Health is located at the hard corner intersection of Outer Highway 18 N. and Nancotta Road. The site is positioned near major national retailers including Subway, KFC, Starbucks and Jiffy Lube among others. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is...
...Features
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New construction
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Hard corner intersection
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Near major nationals
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Highway location
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Strong tenant synergy
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Dense 100M+ pop 5 mi
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Top 100 MSA
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Brand new lease
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Corporate Guarantee
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Investment grade tenant
...
Maps
Tenant
- Tenant: San Bernardino Cty: Dept Behavioral Health
- Guarantor:Corp Rated
- Company:County of San Bernardino
- # Units:42
- Tenant S&P: AA+
- Moody’s: Aa1
- Stock:Private
About Tenant
The Department of Behavioral Health provides mental health and substance use disorder services to county residents who are experiencing major mental illnesses and/or substance abuse issues. The...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,864 | 34,083 | 112,115 |
| 2023 Total Population : | 5,809 | 33,966 | 111,100 |
| 2023 Employed Civilian Pop : | 2,426 | 13,665 | 43,856 |
| 2023 Total Businesses : | 296 | 958 | 3,345 |
| 2023 Average Household Income : | $ 121,198 | $ 99,496 | $ 92,706 |
| 2023 Total Consumer Spending : | $ 202 M | $ 956 M | $ 2854 M |
| 2023 Median Age : | 42 | 38 | 35 |
| 2023 Total Households : | 1,949 | 11,119 | 35,548 |
| 2023 Pop Age 25+: Bachelor's Degree : | 526 | 2,844 | 8,012 |
| 2023 Average Home Value : | $ 564,368 | $ 522,341 | $ 467,441 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Happy Trails Hwy | Tao Rd | 2008 | 25,800 | 0.02 mi |
| Outer Hwy 18 S | Tao Rd | 2009 | 1,639 | 0.09 mi |
| Outer Hwy 18 N | Tao Rd | 2008 | 1,711 | 0.15 mi |
| Happy Trails Hwy | Tao Rd | 2010 | 25,800 | 0.22 mi |
| Outer Hwy 18 S | Yanan Rd | 2009 | 2,449 | 0.24 mi |
| Happy Trails Hwy | Mondamon Rd | 2008 | 28,600 | 0.31 mi |
| Tao Rd | Resoto Rd | 2007 | 2,502 | 0.35 mi |
| Outer Hwy 18 S | Pohez Rd | 2009 | 1,627 | 0.36 mi |
| Outer Hwy 18 S | Atnah Rd | 2009 | 1,707 | 0.39 mi |
| Corwin Rd | Tao Rd | 2008 | 5,100 | 0.39 mi |
