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20162 Outer Hwy 18 - Rancherias Plaza, Apple Valley, CA

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20162 Outer Hwy 18 - Rancherias Plaza

Apple Valley, CA 92307 - North San Bernardino Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:1991
Building Size:21,773 SF Land Area:1.1 AC (47,916 SF)
For Sale Price:$2,950,000 Price/SF:$135.49
Cap Rate:7.00 %
Parking:Free Surface spaces are available; Ratio of 3.31/1,000 SF
Features:Dedicated Turn Lane, Pylon Sign

Ralph's grocery-anchored center. Co-tenant include: Jack in the Box, Denny's Starbuck's.

Sale Notes:
Rancherias Plaza is a 130,000 square feet multi-tenant retail shopping center anchored by 99 Cents Only (NAP), CVS (NAP), Denny' s (NAP), Chase (NAP), Walgreen' s (NAP), and Jack-in-the-Box (NAP) located across the street from nearly a million square feet of regional and national tenants which includes Target, Walmart, Albertson' s, Ross, Dollar Tree, Starbuck' s, Carl' s Jr, Union Bank, and several other national retailers. The property serves the northern and central part of the Town of Apple Valley with 71,107 residents (2015).

The Subject Property comprises approximately 15,105 square feet with a mixture of local and national recognized tenants. The property is an inline portion of Rancherias Plaza capitalizing on the major traffic generators from CVS and 99 Cents Only. Both Tenants recently have reported significant sales figures resulting in major foot traffic generating several prospects for leasing.

KWS Commercial
David Wick
(909) 456-5550

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