Shops at Topaz is a fully stabilized, 30,000 SF multi-tenant NNN retail center located at 14073 Main Street in Hesperia, CA. The property is 100% leased to 12 tenants with a diverse mix of local and national operators, including Little Caesars and other seasoned businesses with long-term track records
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Premier Location: Signalized corner at Topaz Ave & Main St with ±37,000 VPD and strong visibility.
Anchor Trade Area: Adjacent to Walmart Supercenter, Stater Bros, and U.S. Bank, ensuring consistent consumer traffic.
Financials: Current NOI of ~$770,000 with a 7.7% cap rate; pro forma NOI of ~$794,000 (7.94% cap). Asking price $10,000,000 ($333/SF).
Demographics: Over 199,000 residents within a 15-minute drive; median HH income ±$78,000.
Investment Profile: Ideal 1031 Exchange replacement property offering secure cash flow, minimal management, and strong long-term appreciation potential in the growing High Desert market.