14790 La Paz DrVictorville, CA 92395

Property Details for 14790 La Paz Dr

Property size (Sq ft)

25,838 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This fee-simple retail property in Victorville, CA, presents a compelling investment opportunity. The 25,838 square foot building sits on a 94,968 square foot lot and is 100% occupied by a Big Lots store under a 20-year absolute NNN lease with a corporate guarantee. The lease features a 2% annual rent increase, ensuring consistent income growth. The property boasts a strong NOI of $282,868 and a 6.25% cap rate, with an asking price of $4,525,896 ($175.16/sq ft). Located at 14790 La Paz Dr, Victorville, CA 92395, the property benefits from excellent visibility and access within a thriving retail corridor. The surrounding area demonstrates strong demographics, with an average population exceeding 144,000 within three miles and average household incomes nearing $86,100. The property is offered as a 1031 exchange opportunity and is free and clear of financing, allowing investors to leverage favorable debt markets. The large lot size presents potential for future value-add opportunities, such as pad development, subject to tenant approval. This offering provides a strong intrinsic value, potentially below replacement cost, and offers long-term residual value.

Location Insight

City

Victorville

County

San Bernardino

State

California

Latitude

34.5202

Longitude

-117.315

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].