Vons Supermarket - Supermarket FOR SALE


Yucca Valley, CA 92284
$4,370,000 USD
949-903-3399
Vons Supermarket, Yucca Valley, CA for Sale
$4,370,000 USD
Supermarket - FOR SALE
1/8
null | 7% Cap Rate

Vons Supermarket
Yucca Valley, CA 92284


HIGHLIGHTS

  • Proven Market Location since 1981 (43+ Yrs.) - True Corp. NNN Lease (NYSE: ACI) - $11.35B Market CAP
  • Anchor Tenant of Joshua Village Shopping Center - Main Retail Hub Servicing Large MSA/Trade Area
  • City is Gateway to Joshua Tree National Forest - Huge Year Round Tourism - Part of Morongo Basin
  • One of the Largest Food & Drug Retailers in U.S. - Strong Corporate Guaranty - Part of Albertsons Co.
  • Strong Intrinsic Fundamentals - Below Market Rents/Strong Sales History ($690+ PSF) - Percentage Rent
  • Excellent Demographics ($81,227 HHI) - Services MSA & another 40K stationed at Twenty 29 Palms Base

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire the net leased Vons grocery store in Yucca Valley, CA. Vons is a subsidiary of Albertsons Companies which operates over 2,200 grocery stores across 34 states, 22 distribution centers and 19 manufacturing plants and brings in over $73 billion in annual revenue. The subject property has over 6.6 lease years remaining on the primary term and benefits from percentage rent. Vons has anchored the Joshua Village Shopping Center for over 43 years and is strategically positioned along Yucca Valley’s main retail corridor of 29 Palms Hwy which sees over 29,500 VPD. The 40,000 SF in-line building is positioned on 3.03 acres and is surrounded by national retailers including ALDI, Grocery Outlet, State Bros. Markets, Walgreens, Rite Aid, Tractor Supply Co., McDonald’s, Starbucks, Chipotle, Popeyes and more. This is an excellent opportunity to purchase a long-term grocery store asset in Southern California with 15 years in option periods, percentage rent and minimal landlord responsibilities producing years of internet resistant income.

FOR SALE DETAILS

PRICE

$4,370,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare SoCal NNN Supermarket- Strong Sales

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

205

LAND DETAILS

LAND ACRES

3.94 AC

LAND SF

171,843 SF

ZONING

C-N

APN/PARCEL ID

0595-271-36

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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