71722 29 Palms HwyTwentynine Palms, CA 92277
High-yield, 15-year net lease in CA
Overview
- Added:
- Jan 24
- Days on market:
- 71
Highlights
- $6,400,000 asking price for a 16,000 SF retail property.
- Net lease with a corporate guarantee from Grocery Outlet.
- 15.1-year lease term commencing December 15, 2022, with a 5.50% cap rate and $352,000 NOI.
- Located on 5.38 acres at 71722 29 Palms Hwy, Twentynine Palms, CA 92277, near MCAGCC and Joshua Tree National Park.
- High-visibility location on 29 Palms Highway with ample parking.
- Lease includes 10% rent escalations every five years.
Property Details for 71722 29 Palms Hwy
- Property type
- Retail properties, Retail space
- Square Feet
- 16,000 SF
- Year Built
- 2022
- Lot Size (sq. ft)
- 234,353 SF
Location Insight
- City
- Twentynine Palms
- County
- San Bernardino
- State
- California
- Latitude
- 34.135816900313
- Longitude
- -116.09819846916
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