Mojave River Academy
Net Lease Investment with Long Term Leases for Sale
Marketing description
CBRE is pleased to offer for sale the Mojave River Academy and Wells Fargo ATM net-leased property located in Victorville, CA. This approximately 7,359 SF free-standing pad building is situated within Victor Plaza, a well-established 171,636 SF neighborhood center anchored by dd’s Discounts, Goodwill, AutoZone, and other national retailers.
Investment highlights
LONG-TERM LEASE
The property features over 6 years remaining on a 12-years of term, with 3% annual rental increases, ensuring a reliable income stream.
TENANT REIMBURSES FOR ALL
The tenant operates under a multi-tenant net lease structure, providing reimbursement to the landlord for all expenses, including Common Area Maintenance, Property Insurance, and Property Taxes.
COMPETITIVE MARKET
The current base rent of $28 per square foot annually is well-aligned with market rates, supported by the growing demand in the Victorville area.
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