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Stater Bros. Anchored NNN Shops

58132 Twentynine Palms Highway, Yucca Valley, CA 92284

  • For Sale $2,280,000
  • City Yucca Valley
  • Zip Code 92284
  • Market Inland Empire
  • Property Type Retail - Strip
  • Property Size 6,518 Sqft
  • Lot Size 0.78 Acre
  • Date Updated 19 Jul, 2021
Situated on the corner of Twentynine Palms Highway & Balsa Avenue, the property features strong visibility to over 30,000 vehicles per day.
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Location

  • City Yucca Valley, CA
  • Zip Code 92284
  • Market Inland Empire

Contacts

Greg Bedell, CCIM

Progressive Real Estate Partners

(909) 230-4500

Highlights

  • Nationally Branded Tenants: Verizon (NYSE: VZ), GameStop (NYSE: GME), Metro PCS (NYSE: TMUS)
  • Strong Tenure from Current Tenants: Verizon (11 Year Occupancy), GameStop (10 Year Occupancy), MetroPCS (5 Year Occupancy)
  • Upside Potential Through Lease Up – Opportunity to increase cash flow substantially through leasing of Unit C (1,439 SF).
  • Minimal Management Responsibility – NNN leases allow for pass- through of most property related expenses.
  • Dominant Community Shopping Center. Co-tenants include: Stater Bros, Dollar Tree, Harbor Freight, 99 Cent Only, Tractor Supply, Subway, Great Clips, Pizza Hut, Jack in the Box, and more.
  • Recent Renewals – GameStop and MetroPCS renewed in May 2021 evidencing further commitment to the property.
  • Diverse Income Stream – Unlike a single tenant retail asset, the subject property’s income stream is spread nearly equally across four units.
  • Significant Capital Improvements – Newer SEER high efficiency air conditioning systems, energy saving white elastomeric roof, light control systems, dual pane storefronts, newer hardscape and exterior artwork, and more.
  • Twentynine Palms Highway – Highly trafficked thoroughfare running through the Mojave Desert connecting the Coachella Valley to Arizona.

Frequently Asked Questions

What is the lease rate for Stater Bros. Anchored NNN Shops?

Rental asking rate at Stater Bros. Anchored NNN Shops is Subject To Offer per square foot.

What is the total square footage of Stater Bros. Anchored NNN Shops?

Stater Bros. Anchored NNN Shops totals 6,518 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker

Greg Bedell, CCIM

Progressive Real Estate Partners

(909) 230-4500

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