56865 29 Palms HwyYucca Valley, CA 92284

This fee-simple retail property, located at 56865 29 Palms Hwy, Yucca Valley, CA 92284, presents a compelling investment opportunity. The property features a 25,575 square foot Big Lots store on an 87,058 square foot lot, operating under a 20-year absolute NNN lease with a corporate guarantee from Big Lots, Inc. (NYSE: BIG). The lease includes a 2% annual rent increase, ensuring consistent income growth. The current asking price is $3,208,826, representing a price per square foot of $125.47 and a 6.25% cap rate. The property boasts 100% occupancy and a current Net Operating Income (NOI) of $200,552. Situated in San Bernardino County, this location benefits from strong demographics, with an average population exceeding 144,000 within three miles and average household incomes nearing $86,100. The property is offered free and clear of financing, allowing investors to leverage current market conditions for advantageous financing options. The large lot size presents potential for future value-add opportunities, such as pad development, subject to tenant approval. This offering is suitable for 1031 exchange transactions. The property's location along a major thoroughfare ensures excellent visibility and accessibility. The below-market rent provides a strong foundation for long-term appreciation.