57675 Twentynine Palms Hwy - Storefront FOR SALE


Yucca Valley, CA 92284
$5,554,000 USD
949-769-4855
57675 Twentynine Palms Hwy, Yucca Valley, CA for Sale
$5,554,000 USD
Storefront - FOR SALE
1/6
null | 7% Cap Rate

57675 Twentynine Palms Hwy
Yucca Valley, CA 92284


HIGHLIGHTS

  • SoCal Grocery and Drug Shadow Anchored Strip Center

OVERVIEW

* 100% Occupied Retail Center – Warren Vista Center is a 17,338 SF shopping center with a mix of medical, office and restaurant tenants and shadow-anchored by national grocery and pharmacy operators ALDI (NAP) and Rite Aid (NAP), providing a daily needs draw to the center * Complementary, Internet Resistant Tenant Mix – Synergistic tenancy mix including medical (±57% of GLA), food & beverage (±29% of GLA), and veterinary uses (±7% of GLA), provide a balanced tenant mix unaffected by internet competition * Below Market Rents/Future Leasing Upside – Suite 101 (±5,081 SF) is occupied by a tenant paying well below market rent ($0.59 PSF/month Gross) and property wide rents are approximately 22% below market, providing an opportunity to add value and increase NOI as leases expire * Future Pad Development Potential – The offering presents a unique opportunity to add value and income through the development of the 1.27-acre pad. This pad has an existing CUP for commercial uses and is graded, with all utilities to the property line * Highly Travelled Retail Corridor – Warren Vista Center is located along Twentynine Palms Hwy (28,000+ cars per day), the most heavily trafficked arterial through Yucca Valley

FOR SALE DETAILS

PRICE

$5,554,000 USD

PRICE/SF

$320 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Warren Vista Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

Commercial

APN/PARCEL ID

0595-271-52,0595-271-53

ASK ABOUT THIS PROPERTY

949-769-4855

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949-769-4855

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