2301 W San Bernardino (Redlands, CA)_Property for Sale
2301 W San Bernardino (Redlands, CA)_Property for Sale

2301 W San Bernardino (Redlands, CA)

2301 West San Bernardino Avenue, Redlands, CA, 92374, US

Description

JLL Industrial Capital Markets, serving as the exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Empower Brands Distribution Center (the “Property”) – a ±983,986 SF large-bulk distribution facility located in Redlands, CA, one of the top pockets within the broader Inland Empire and a proven location critical to global supply chains. The property is fully leased to Empower Brands, LLC. The lease is backed by a corporate guarantee from Spectrum Brands, Inc. (NYSE: SPB), a publicly traded company with a stable BB rating from Fitch, a market capitalization of $1.68 billion, and total revenue of $2.81 billion. The tenant has occupied the space since it was originally constructed in 2002 — a ±23-year operational commitment that underscores the Property’s strategic importance within their operations. With approximately 9.7 years of term remaining, the Property offers long-duration cash flow guaranteed by a public company, at an attractive going-in yield profile and an exceptional basis, in a location that is entirely land constrained prohibiting big-box development in the future.

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Attributes

Building area net
983,986 sf
Occupancy
100%
Clear height
32 ft
Grade level doors
4
Year built
2002
Land area gross
37 sf
WALT
97 years

Media

Investment highlights

  1. The lease is guaranteed by Spectrum Brands, Inc (NYSE: SPB), a publicly-traded global consumer products company, offering institutional-quality credit enhancement and downside protection. In 2025, Spectrum Brands reported a total revenue of $2.81 billion, with a market capitalization of $1.68 billion, and a BB stable credit rating from Fitch. With ±$3.4 billion in total assets, Spectrum Brands, Inc is well positioned to support the lease agreement obligations throughout the term
  2. Spectrum Brands (NYSE: SPB) is a leading global branded consumer products company with a portfolio of well-known brands including Black & Decker,
  3. Remington, Russell Hobbs, & George Foreman, generating billions in annual revenue and operating across numerous countries worldwide
  4. 100% leased to Empower Brands, LLC, with 9.7 years of remaining term, offering investors a secure, long-term cash flow stream at market rates and an attractive going-in yield
  5. Stable, predictable cash flow with >3.00% contractual rent bumps delivering compounded NOI growth and a reliable hedge against inflation over the hold period
  6. Assembling a contiguous ±47-acre site to accommodate a ±984K SF facility along the I-10 corridor in Redlands is functionally impossible today, as available industrial land has been absorbed by existing institutional product over the last two decades


2301 W San Bernardino (Redlands, CA) 4_Property for Sale
2301 W San Bernardino (Redlands, CA) 4_Property for Sale

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2301 W San Bernardino (Redlands, CA) (0 Properties)

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Last updated
May 20, 2026