For Sale
$3,840,000

17180 Bear Valley Rd Victorville, CA 92392

High-yield retail center, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
136
This single-story, 16,314 square foot shopping center in Victorville, CA, presents a compelling value-add investment opportunity. Priced at $3,840,000, it boasts a 6.75% cap rate and a Net Operating Income (NOI) of $259,224. The property sits on a 2.08-acre lot and features three units, currently 92% occupied by a mix of tenants including Five Below and Children's Choice Dental Care. The center benefits from a strong tenant base with long-term leases, including a 10-year lease recently signed by a major tenant and another lease extending to December 2030. Located on Bear Valley Road, a high-traffic area with 43,515 vehicles per day, and near Hesperia Road (24,238 VPD), this property enjoys excellent visibility and accessibility. The property is a triple-net (NNN) lease structure with corporate guarantees, minimizing landlord responsibilities and maximizing return. Its location offers convenient access to Interstate 15, further enhancing its appeal. This is a rare opportunity to acquire a well-positioned retail center with a proven track record of success and significant upside potential. The property's strong financials, coupled with its prime location and stable tenancy, make it an attractive investment for discerning buyers. The property's Assessed Parcel Number (APN) is 3091-271-63.

Highlights

  • Prime retail location in Victorville, CA, on Bear Valley Rd (43,515 VPD) and near Hesperia Rd (24,238 VPD).
  • Strong tenant base, including Five Below and Children's Choice Dental Care, with 92% occupancy.
  • Long-term leases in place, including a recently signed 10-year lease and another extending to December 2030.
  • Attractive financials: $3,840,000 price, 6.75% cap rate, and $259,224 NOI.
  • Triple-net (NNN) lease structure with corporate guarantees, minimizing landlord responsibilities.
  • Convenient access to Interstate 15.

Property Details for 17180 Bear Valley Rd

Property type
Lifestyle centers, Power centers
Square Feet
16,314 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
90,605 SF
Units
3

Location Insight

City
Victorville
County
San Bernardino
State
California
Latitude
34.471978900793
Longitude
-117.28783179095

FAQs

What type of property is this?
Lifestyle center - High-yield retail center, strong tenants.
Where is the lifestyle center located?
The property is located at 17180 Bear Valley Rd Victorville, CA.
What is the asking price?
The asking price for this property is $3,840,000.
What are key features of this property?
This property features: Prime retail location in Victorville, CA, on Bear Valley Rd (43,515 VPD) and near Hesperia Rd (24,238 VPD).; Strong tenant base, including Five Below and Children's Choice Dental Care, with 92% occupancy.; Long-term leases in place, including a recently signed 10-year lease and another extending to December 2030.
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].
17180 Bear Valley Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message