4013 Phelan Rd Phelan, CA 92371

This ±31,273 square foot shopping center in Phelan, CA, presents a compelling owner-user opportunity. Situated on 2.41 acres at a prime signalized intersection (Phelan Road and Sheep Creek Road), experiencing approximately 27,809 cars daily, the property boasts excellent visibility and signage. The center features a ±16,103 square foot space available for an owner-user, making it the only grocery-anchored shopping center within an 11-mile radius. Currently, 48.5% of the building is leased to two corporate tenants: Dollar Tree and T-Mobile, providing immediate rental income. A 51.5% vacancy rate offers potential for SBA loan acquisition. The property benefits from recent improvements including new paint, upgraded lighting, repaved parking, and attractive landscaping. The strong trade area, encompassing Oak Hills, Pinon Hills, and Wrightwood, boasts a 2023 population of 60,731 and an average household income of $101,814, creating significant demand for retail, service, and medical options. The asking price is $5,500,000, with a Net Operating Income (NOI) of $140,560 and a price per square foot of $175.87. The property consists of three units, operating under a triple-net (NNN) lease structure. This is a multi-tenant property with two current tenants. The property's location in the "Land of Four Seasons" attracts both residents and tourists.