20250 US Highway 18, Apple Valley, CA
Dark Walgreens | 10.00% Cap Rate
Marketing description
High-Yield Absolute NNN Investment Backed by Walgreens. This dark retail property located in Apple Valley, California, offers a 10.00% cap rate with $324,000 NOI, providing strong in-place cash flow backed by a corporate Walgreens lease structure. Structured as an Absolute NNN lease, this investment minimizes ownership obligations and creates a passive investment opportunity with no landlord expense responsibilities.
The property is strategically positioned along State Highway 18, a major commercial corridor through Apple Valley with strong daily traffic counts and regional connectivity throughout the High Desert. With approximately 3.2 years of lease term remaining, investors have the opportunity to capitalize on continued income while planning for future leasing, redevelopment, or owner-user repositioning.
The property consists of approximately 14,989 SF situated on a sizable 1.42-acre parcel, providing strong functionality and future adaptability. Investors benefit from complete control through fee simple ownership, allowing maximum flexibility for future disposition or redevelopment strategies.
Investment highlights
- High-Yield Absolute NNN Investment - Offered at a 10.00% cap rate with $324,000 NOI, providing strong in-place cash flow backed by a corporate Walgreens lease structure.
- Zero Landlord Responsibilities - Structured as an Absolute NNN lease, minimizing ownership obligations and creating a passive investment opportunity with no landlord expense responsibilities.
- Corporate Walgreens Guaranty - Lease guaranteed by Walgreens, one of the nation's most recognized pharmacy operators and a longstanding national retail tenant.
- Strategic Exit / Repositioning Opportunity - With approximately 3.2 years of lease term remaining, investors have the opportunity to capitalize on continued income while planning for future leasing, redevelopment, or owner-user repositioning.
- Fee Simple Ownership - Investors benefit from complete control through fee simple ownership, allowing maximum flexibility for future disposition or redevelopment strategies.
- Large Freestanding Retail Building - The property consists of approximately 14,989 SF situated on a sizable 1.42-acre parcel, providing strong functionality and future adaptability.
- Prime Signalized Corner Location - Located along State Highway 18, a major commercial corridor through Apple Valley with strong daily traffic counts and regional connectivity throughout the High Desert.
- Dense Retail Corridor - Surrounded by national retailers, service providers, and residential growth, supporting long-term underlying real estate value and future tenant demand.
- Flexible Commercial Zoning - Zoned C-G (General Commercial), allowing for a broad range of future retail, medical, or service-oriented uses.
- Strong Residual Real Estate Value - The combination of hard corner positioning, substantial land area, established retail trade area, and prominent frontage supports long-term intrinsic land value beyond the existing tenancy.
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