858-222-3333
56945 29 Palms Hwy, Yucca Valley, CA for Sale
Fast Food - FOR SALE
1/6
null | Request Cap Rate

56945 29 Palms Hwy
Yucca Valley, CA 92284


HIGHLIGHTS

  • Below Market Rent: Lease rates are 1.5–2x below market, offering potential for rental growth and increased returns.
  • Recent Remodel: Full remodel in 2020 by former KFC tenant.
  • Below Replacement Cost: Priced competitively for a well-maintained, ±2,960 SF drive-thru building on a ±0.67-acre lot.
  • Potential Value-Add Opportunity: opportunity for long-term growth through lease adjustments or repositioning asset.
  • Prime Location: Signalized corner on 29 Palms Hwy with over 30,000 daily vehicles, excellent visibility, and access.
  • Key Economic Drivers: Proximity to Joshua Tree National Park and MCAGCC (largest marine base) supports consistent traffic and economic activity.

OVERVIEW

This ±2,960 SF drive-thru restaurant property is a well-positioned investment opportunity on a signalized corner with over 31,000 vehicles passing daily. The property underwent a full remodel in 2020 by a previous tenant, KFC. Currently leased by Taqueria El Comandante, a regional mexican food operator with 20+ years of experience and multiple locations, the property features a long-term lease with fixed 2% annual rent increases. The double-net (NN) lease structure includes tenant reimbursement for property taxes and insurance. Located on a ±0.67-acre parcel, the property offers excellent visibility, three access points, and 23 parking spaces. Its prime location near Joshua Tree National Park, with over 3 million annual visitors, and the Marine Corps Air Ground Combat Center, the largest Marine base in the country, ensures consistent regional traffic. With rents approximately 1.5–2 times below current market rates, this asset presents a compelling opportunity for investors seeking steady income and potential rental growth over time.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freestanding Drive-Thru Restaurant Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

0595-312-03

ASK ABOUT THIS PROPERTY

Renato LorjaCIRE PartnersMore Info
858-222-3333

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Renato LorjaCIRE PartnersMore Info
858-222-3333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.