57675 Twentynine Palms Hwy - Storefront FOR SALE


Yucca Valley, CA 92284
$5,325,000 USD
949-769-4855
57675 Twentynine Palms Hwy, Yucca Valley, CA for Sale
$5,325,000 USD
Storefront - FOR SALE
1/6
null | 7.5% Cap Rate

57675 Twentynine Palms Hwy
Yucca Valley, CA 92284


HIGHLIGHTS

  • 100% Occupied Retail Center – Warren Vista Center is a 17,338 SF shopping center with a mix of medical, office and restaurant tenants
  • Stabilized Tenancy – Recent tenant activity with newer leases and long-term occupancy prove the viability of this location
  • Future Pad Development Potential – The offering presents a unique opportunity to add value and income through the development of the 1.27-acre pad
  • Strong WALT – Warren Vista Center boasts stable tenancy with 6.53 years of weighted average lease term remaining (WALT)
  • Highly Travelled Retail Corridor – Warren Vista Center is located along Twentynine Palms Hwy (28,000+ cars per day)

OVERVIEW

* 100% Occupied Retail Center – Warren Vista Center is a 17,338 SF shopping center with a mix of medical, office and restaurant tenants and shadow-anchored by international grocery operator ALDI (NAP), providing a daily needs draw to the center * Stabilized Tenancy – Recent tenant activity with newer leases and long-term occupancy prove the viability of this location. Yucca Family Medical Care, which accounts for ±70% of base rent, has operated at Warren Vista Center for over 10 years. * Yucca Family Medical Care signed a 10-year lease renewal in 2023 as well as signing a new lease in 2024 to occupy two additional suites – further increasing their footprint at the property and proving their commitment to this location. * Future Pad Development Potential – The offering presents a unique opportunity to add value and income through the development of the 1.27-acre pad. This pad has an existing CUP for commercial uses and is graded, with all utilities to the property line. * Strong WALT – Warren Vista Center boasts stable tenancy with 6.53 years of weighted average lease term remaining (WALT) * Highly Travelled Retail Corridor – Warren Vista Center is located along Twentynine Palms Hwy (28,000+ cars per day), the most heavily trafficked arterial through Yucca Valley * Tenants within a 1-mile radius of the property include Stater Bros, Tractor Supply, Walgreens, Big 5 Sporting Goods, Dollar Tree, Starbucks, McDonalds, Vons, Ross, US Bank, Chipotle and more

FOR SALE DETAILS

PRICE

$5,325,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Warren Vista Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

Commercial

APN/PARCEL ID

0595-271-52,0595-271-53

ASK ABOUT THIS PROPERTY

949-769-4855

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949-769-4855

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