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71737 29 Palms Highway - Stater Bros Plaza, Twentynine Palms, CA
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71737 29 Palms Highway - Stater Bros Plaza
Twentynine Palms, CA 92277 - San Bernardino Outlying Submarket
Existing , Renov 2008
1.53 AC (66,647 SF)
For Sale Price:
132 Surface spaces are available; Ratio of 8.5/1,000 SF
Pylon Sign, Signage
Subject property is a freestanding single-story 15,506-SF retail building located directly on 29 Palms Hwy in Twentynine Palms, CA - home to the largest marine base in the world. Co-tenants include Stater Brothers, Subway, Holiday Inn, Hampton Inn, Superstar Video, Channie's Beauty Supply & Liberty Tax Service. Approximately 31,000 VPD. 6:1,000 SF on-site parking ratio.
Strong National Credit Tenant - Dollar Tree (NASDAQ: DLTR)
Only Grocery Anchored Shopping Center for 17 Miles
Ten (10) Year NN Lease with Two (2) Years Remaining
Two (2) Five (5) Year Options to Extend with Fixed Increases
Excellent Visibility from Twentynine Palms Highway
Within Close Proximity to the Marine Corps Air Ground Combat Center which contains roughly 8,500 troops
Excellent Parking - ±132 Spaces (Ratio: 8.5/1,000 SF)
The Colliers Investment Team is pleased to exclusively present the single-tenant Dollar Tree located at 71737 Twentynine Palms Highway in Twentynine Palms, California. The building is a retail unit comprised of approximately 15,506 rentable square feet and is situated on a 1.53 acre lot (66,647 square feet).
Dollar Tree is currently on a ten (10) year lease with two (2) years remaining. This is a NNN lease with two (2) five (5) year options to extend. Though the landlord is responsible for the roof and building structure, the roof was replaced by the current ownership in 2012.
Dollar Tree is ideally located along the major thoroughfare: Twentynine Palms Highway, and is close to the largest Marine Corps training base in the world. It is within the same shopping center as a Stater Bros. Grocery Store, Total Fitness Gym, Burger King, and other local tenants.
The investment is an excellent opportunity for an investor to take advantage of the current and fixed future income stream and ideal location of the asset.
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FOR SALE CONTACTS
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Patrick M Barnes
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