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34394456
34394457

16940 State Highway 14, Mojave, CA 93501 For Sale

PB
CA 01971933
Equity Union
Listed by Equity Union
$3,400,000
4 days on market
Updated 4 days ago

Mountain View Plaza

Details
APN 236-060-25-00-0
Property Type Retail
Sub Type Shopping Center
Square Footage 12,000
Cap Rate 5.46%
NOI $185,556
Tenancy Multi
Price per SqFt $292
Year Built 1990
Acreage 0.690
Zoning AO
Ground Lease No
Sale Condition 1031 exchange

Retail | 5.46% CAP | 12,000 SqFt

Marketing description

Mountain View Plaza benefits from an excellent anchor tenant, Stater Bros. Supermarket, which attracts consistent foot traffic. The expansive parking lot ensures convenience for customers, eliminating the need to search for a spot.

Strategically positioned just a few blocks from the Mojave Air and Space Port and Rutan Landing Field, the center is in a high-visibility location with a growing customer base.

Additionally, Mountain View Plaza sits at a major junction, where travelers must decide between heading toward Bakersfield or continuing on to Las Vegas. This unique positioning makes the center the last convenient stop for essentials such as food, beverages, package dropoffs, pharmaceuticals, Tesla charging, and dining. With six diverse restaurants, a smoke shop, and a massage parlor, the center caters to both locals and passing travelers alike.

With Mojave's rapid population growth and increasing demand for commercial space, the center is well-positioned for continued success. The steady rise in foot traffic, combined with ongoing improvements, presents an opportunity for rent increases as leases mature and new tenants join the plaza.

Investment highlights

  • Enhanced Dining Options: Replaced Anthony's Grill with the highly popular Fat Boys Tacos and added a modern microbrewery, further boosting customer engagement.
  • Infrastructure Improvements: Installed 12 brand-new air-conditioning units, ensuring optimal comfort for tenants and visitors.
  • New National Tenant - Dollar Tree: This high-traffic retailer has significantly increased customer volume, replacing a less active furniture store.
  • Stronger Tenant Mix: With a well-balanced blend of retail, dining, and service-oriented businesses, Mountain View Plaza offers a vibrant and dynamic shopping experience.

Listing Contacts

PB
CA 01971933
Equity Union
Listed by Equity Union

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$185,556.00
$15,463.00/mo

Valuation Metrics

0
DSCR
5.46%
Cap Rate
5.46%
ROI

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Additional Information

Name
Paul Baccino
License
01971933
Brokerage
EQUITY UNION
Brokerage Phone
3103595598
Brokerage Address
24151 Ventura Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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