For Sale
$2,590,727

57736 29 Palms HwyYucca Valley, CA 92284

Yucca Valley Del Taco, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1,878 square foot, single-tenant, absolute NNN retail property located at 57736 29 Palms Hwy, Yucca Valley, CA 92284. The property sits on a 1.4-acre lot and boasts a highly visible location on a signalized hard corner along the 29 Palms Highway, a major thoroughfare with 26,617 vehicles per day. Its proximity to Joshua Tree National Park, attracting over 3.2 million visitors annually, ensures consistent high traffic. The current tenant, Tacos Verdes, recently signed a new 10-year lease extension (expiring 02/29/2036), demonstrating strong commitment to the location. This property benefits from a 4.95% cap rate and a strong NOI of $128,241. The lease includes 10% rent bumps every five years and three 5-year option periods. The property has a 100% occupancy rate and features a building constructed in 1981. The property is situated near other national tenants including Vons, Aldi, Starbucks, McDonald's, Applebee's, Rite Aid, Napa, and Five Star Gym & Fitness, creating a vibrant retail environment. The previous tenant, Del Taco, operated successfully at this location for over 35 years, generating above-average sales. This property offers a secure, passive income stream with minimal landlord responsibilities, making it an ideal addition to any investment portfolio. The property's APN is 0595-271-41. The asking price is $2,590,727.

Highlights

  • High-traffic location on a signalized hard corner of Highway 29 Palms in Yucca Valley, CA, with 26,617 vehicles per day.
  • Excellent visibility and adjacency to Joshua Tree National Park (over 3.2 million annual visitors).
  • Strong tenant (Tacos Verdes) with a new 10-year lease (expiring 02/29/2036), including 10% rent increases every five years and three 5-year options.
  • Absolute NNN lease with no landlord responsibilities.
  • Located near national retailers including Vons, Aldi, Starbucks, McDonald's, Applebee's, Rite Aid, Napa, and Five Star Fitness.

Property Details for 57736 29 Palms Hwy

Property type
Retail properties, Restaurants
Square Feet
1,878 SF
Year Built
1981
Lot Size (sq. ft)
60,984 SF
Units
1

Location Insight

City
Yucca Valley
County
San Bernardino
State
California
Latitude
34.126526417517
Longitude
-116.40504170373
57736 29 Palms Hwy, Yucca Valley, California

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57736 29 Palms Hwy
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