71722 29 Palms Hwy Twentynine Palms, CA 92277
High-yield, 15-year net lease in CA
Overview
- Added:
- Jan 24
- Days on market:
- 92
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, 15-year net lease in CA
- Where is the retail property located?
- The property is located at 71722 29 Palms Hwy Twentynine Palms, CA.
- What is the asking price?
- The asking price for this property is $6,400,000.
- What are key features of this property?
- This property features: $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.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].