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.
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Contacts
Tyler Bindi
Robert Narchi
Jason Fefer
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57736 29 Palms Hwy, Yucca Valley, California, 92284
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57736 29 Palms Hwy
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