For Sale
$1,700,000

20610 Bear Valley Rd Apple Valley, CA 92308

High-Yield NNN Leased QSR

Overview

Added:
Dec 11, 2024
Days on market:
136
Prime Apple Valley, CA location, this freestanding 5,684 sq ft Burger King offers a stabilized, absolute NNN lease with a strong franchisee. Built in 1996, the property boasts 100% occupancy and a 5.69% cap rate, generating a $96,800 NOI. The lease, commencing October 1, 2011, and expiring October 31, 2026, includes four to five-year renewal options with 10% rent bumps every five years. Located at 20610 Bear Valley Rd, Apple Valley, CA 92308, this single-story building features 30 parking spaces, pylon and monument signage, and excellent visibility. The property benefits from high traffic counts and proximity to major retailers like Super Target and Walmart, as well as new residential developments and Interstate 15. The property is zoned for fast food restaurants with drive-thru access and includes a Kid's Club. This is a turnkey investment opportunity with significant upside potential due to the strong tenant, favorable lease terms, and prime location. The asking price is $1,700,000, representing a price per square foot of $299.09. The APN is 3087-641-12-0000.

Highlights

  • Prime retail investment opportunity in Apple Valley, CA.
  • Absolute Triple Net (NNN) lease with a strong Burger King franchisee.
  • 5,684 square foot building, 100% occupied, featuring a Kid's Club.
  • 10% rent increases every five years.
  • Excellent visibility, convenient access, and proximity to major retailers like Super Target and Walmart.

Property Details for 20610 Bear Valley Rd

Property type
Retail properties
Square Feet
5,684 SF
Class
A
Year Built
1996
Buildings
1
Stories
1
Units
1

Location Insight

City
Apple Valley
County
San Bernardino
State
California
Latitude
34.4718352
Longitude
-117.2137725

FAQs

What type of property is this?
Retail property - High-Yield NNN Leased QSR
Where is the retail property located?
The property is located at 20610 Bear Valley Rd Apple Valley, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Prime retail investment opportunity in Apple Valley, CA.; Absolute Triple Net (NNN) lease with a strong Burger King franchisee.; 5,684 square foot building, 100% occupied, featuring a Kid's Club.
How can I contact the broker?
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20610 Bear Valley Rd
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