931-939 Armory Rd - Freestanding FOR SALE


Barstow, CA 92311
$1,175,000 USD
909-230-4500
931-939 Armory Rd, Barstow, CA for Sale
$1,175,000 USD
Freestanding - FOR SALE
1/6
null | 7.01% Cap Rate

931-939 Armory Rd
Barstow, CA 92311


HIGHLIGHTS

  • Two-tenant retail property anchored by a top-performing Stater Bros. Market, the primary grocery and daily-needs destination in the trade area.
  • Offered at a high 7%+ in-place cap rate, providing strong current income plus additional upside.
  • The overall shopping center is 99% occupied, reflecting strong tenant demand and limited competing grocery anchored retail supply in Barstow.
  • Property abuts I-15, with an estimated 24 million vehicles annually traveling between Los Angeles and Las Vegas, providing exceptional visibility.
  • M&M’s Auto Repair pays $0.92/SF MG on a month-to-month lease, occupying highly functional automotive space supporting materially higher market rents.
  • Rent-A-Center has operated at the property since 1995 and most recently renewed in 2022, demonstrating long-standing commitment.

OVERVIEW

Progressive Real Estate Partners is pleased to present the opportunity to acquire a two-tenant retail building in Barstow, California. The property is anchored by a top-performing Stater Bros. Market, the primary grocery and daily-needs destination in the trade area, benefiting from approximately 1.7 million annual foot visits per Placer.AI. The asset is offered at an attractive 7.00% in-place cap rate, providing strong current income with additional upside, and at a compelling price point of approximately $166/SF, well below replacement cost for comparable grocery-anchored retail product. Rent-A-Center has operated at the property since 1995 and most recently renewed in 2022, demonstrating long-term commitment to the location. M&M’s Auto Repair occupies highly improved automotive space at a below-market $0.92/SF MG rent, creating a clear mark-to-market opportunity. The overall shopping center is 99% occupied, reflecting strong tenant demand. The property abuts Interstate 15, which carries approximately 24 million vehicles annually, and benefits from Barstow’s logistics-driven growth, anchored by BNSF Railway’s $3.8 billion Barstow International Gateway, projected to generate approximately 20,000 jobs.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,662 SF

ZONING

C3-General Commercial

APN/PARCEL ID

0183-321-16

ASK ABOUT THIS PROPERTY

Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
909-230-4500

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Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
909-230-4500

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