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29432589
29432590

19386 Bear Valley Rd, Apple Valley, CA 92308 For Sale

KF
CA 01321833
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
SC
CA 02114392
Hanley Investment Group
Listed by Hanley Investment Group
$15,200,000
172 days on market
Updated 57 days ago

Hobby Lobby | Apple Valley, CA

Details
Property Type Retail
Sub Type Storefront
Square Footage 55,000
Net Rentable (SqFt) 55,000
Cap Rate 6.15%
NOI $934,500
Occupancy 100%
Tenancy Single
Brand/Tenant Hobby Lobby
Lease Type NNN
Lease Term 15
Lease Expiration 02/28/2041
Remaining Term 14.6
Rent Bumps Yes
Lease Options Three 5-Year & One 4-Year @ $1.00/sf/yr Each Option
Price per SqFt $276
Broker Co-Op Yes
Year Built 2026
Buildings 1
Stories 1
Acreage 4.610
Lease Commencement 03/01/2026

New 15-Year Lease | 2026 Construction | Affluent Demos; $107,000 AHHI

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/HobbyLobby_AppleValley

Investment highlights

  • Hobby Lobby:

    • Leading arts and crafts retailer and one of the largest privately-owned retailers in the U.S. with over 1,019 locations

    • New 15-year initial lease term

    • $1.00/SF/Yr increases every 5 years

    • #1 “Largest Privately Owned Arts & Crafts Retailer” Hobby Lobby (2025)

    • #2 “America’s Best Retailer: Home Goods” Newsweek (2024)

    • #70 “America’s Largest Private Companies” Forbes (2025)

  • Dominant Surrounding Placer Rankings:

    • The Home Depot – Top 15% in chain nationwide

    • Stater Bros Markets – Top 8% in grocery category nationwide

    • WinCo Foods – Top 1% in grocery category nationwide

    • Lowe’s Home Improvement – Top 6% in home improvement category nationwide

    • Burlington – Top 14% in chain nationwide

  • Extremely High-Traffic Location off the Signalized Intersection of Bear Valley Road and Apple Valley Road (75,000 CPD)

  • Dense Retail Corridor Surrounded by Major National Retailers:

    • The property benefits from a built-in consumer base driven by other major national retailers including Target, The Home Depot, Lowe’s Home Improvement, Stater Bros Markets, WinCo Foods, Burlington, CineMark, 24 Hour Fitness, PetSmart, Ulta, McDonald’s, Chipotle, El Pollo Loco, Buffalo Wild Wings, Bank of America, etc.

    • Jess Ranch Marketplace draws 6.8 million annual visitors per Placer.ai

    • Located adjacent to new Sprouts Farmers-Market anchored center featuring retail shops, Mister Car Wash, and Raising Cane’s

  • Affluent and Growing Demographics + New Housing Developments:

    • An average household income of $107,000 within a 3-mile radius

    • Apple Valley grew over 17% between 2010-2020

    • Rapidly expanding economy with over 27,000 units either planned or under construction

Listing Contacts

KF
CA 01321833
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
SC
CA 02114392
Hanley Investment Group
Listed by Hanley Investment Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$934,500.00
$77,875.00/mo

Valuation Metrics

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DSCR
6.15%
Cap Rate
6.15%
ROI

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