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26523007
26523008

17051 Bear Valley Rd, Hesperia, CA 92345

TG
CA 1034790, CA 01034790
Lee & Associates - Pasadena
BB
CA 00697468
The Bailey Group Commercial Real Estate
Listed by Lee & Associates - Pasadena, The Bailey Group Commercial Real Estate
$4,900,000
287 days on market
Updated 66 days ago

17051 Bear Valley Rd

Details
APN 0415-032-30
Property Type Retail
Sub Type Storefront
Square Footage 15,120
Cap Rate 5.00%
NOI $336,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 5
Broker Co-Op Yes
Year Built 2002
Buildings 1
Stories 1

TROPHY SINGLE-TENANT NNN LEASE WITH WALGREENS

Marketing description

HESPERIA is a city in San Bernardino County, California, United States. It is located 35 miles north of the city of San Bernardino in Victor Valley and surrounded by the Mojave Desert.

Investment highlights

  • Walgreens Pharmacy has occupied the site for over 23 years and has just exercised a new 5-year option to extend

  • Walgreens is one of the world’s most well-known drugstore chains with over 8,500 locations throughout the US

  • CURRENTLY WALGREEN’S ONLY 24-HOUR STORE IN THIS HIGH-DESERT REGION

  • CORNER LOCATION - Located at the corner of Bear Valley Road and Hesperia Road with tremendous visibility and access from both streets

  • Location is proximate to both residential and commercial uses

  • IDEAL 1031 EXCHANGE OPPORTUNITY

  • Net lease structure is ideal for a passive investor looking for stable cash flow with zero landlord maintenance obligations

Listing Contacts

TG
CA 1034790, CA 01034790
Lee & Associates - Pasadena
BB
CA 00697468
The Bailey Group Commercial Real Estate
Listed by Lee & Associates - Pasadena, The Bailey Group Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$336,000.00
$28,000.00/mo

Valuation Metrics

0
DSCR
6.86%
Cap Rate
6.86%
ROI

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Additional Information

Name
Tim Genske
License
1034790
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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