12748 Amargosa RdVictorville, CA 92392

Property Details for 12748 Amargosa Rd

Year built

2007

Lot size

0.93 AC

Property size (Sq ft)

11,826 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional Class A retail property, located at 12748 Amargosa Rd, Victorville, CA 92392, offers a compelling investment opportunity. The 11,826 square foot center boasts a strong tenant mix, including national and regional businesses, all operating under NNN leases with built-in rental increases. The property is situated on a 0.93-acre lot and features excellent visibility and accessibility, benefiting from daily traffic counts exceeding 19,000 vehicles and immediate access to Interstate 15 (with over 115,000 vehicles per day). The center's location within a densely populated and affluent area, with an average household income exceeding $84,000 within a one-mile radius and over 199,000 residents within five miles, ensures consistent demand. Key tenants include Sherwin-Williams and Arrowhead Credit Union, demonstrating financial strength and stability. The property's proximity to Desert Valley Hospital, Victor Valley College, and The Mall of Victor Valley further enhances its value and appeal. Built in 2007, this multi-tenant property offers a 6.54% cap rate and a net operating income (NOI) of $351,521, with an asking price of $5,375,000 ($454.51 per square foot). Victorville's designation as a Top 100 Boomtown in America underscores the area's robust growth and potential for future appreciation. This is a rare opportunity to acquire a high-performing, well-located retail investment in a thriving market.

Location Insight

City

Victorville

County

San Bernardino

State

California

Latitude

34.4823

Longitude

-117.338

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