858-427-0525
57200 29 Palms Hwy, Yucca Valley, CA for Sale
Supermarket - FOR SALE
1/3
null | Request Cap Rate

57200 29 Palms Hwy
Yucca Valley, CA 92284


HIGHLIGHTS

  • Currently demised into Unit 103: ±12,663 / Unit 102: ±15,547 / Unit 101 (Grocery Outlet): ±18,444 SF
  • Anchored by Grocery Outlet Bargain Market
  • ±42,000 ADT between Twentynine Palms Highway (State Route 62) and Old Woman Springs Road (State Route 247)
  • Up to ±28,210 SF junior box or big box space available for lease
  • Two highway signage panels available for maximum exposure
  • Nearby Major Retailers: Walmart Supercenter, Home Depot, Vons, Stater Bros., Marshalls, Petco, Ross Dress For Less, Tractor Supply Co.

OVERVIEW

-In-Place Anchor Tenant: Property is currently occupied by a strong performing Grocery Outlet with upside through lease-up of junior and/or big box space (+/-28,210 SF) -Early 5-Year Extension: Grocery Outlet's early renewal demonstrates long term commitement to the site; Grocery Outlet executed the first of their 4, 5 Year options to extend 3 years early demonstrating long term commitment to this location -Strong Store Sales: Please reach out to agent for details regarding store performance -Significant Upside Through Lease-Up: Grocery Outlet's performance demonstrates a strong anchor for co-tenancy, increasing the long term viability of co-tenants -Current In-Place NOI: +/-$160,000 -Est. Stabalized NOI: +/-$468,000 -Please contact agents for further details

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Hills Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0595-371-37

ASK ABOUT THIS PROPERTY

Carter HamiltonMatthews Real Estate Investment ServicesMore Info
858-427-0525

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Carter HamiltonMatthews Real Estate Investment ServicesMore Info
858-427-0525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.