Listed by Sands Investment Group, Sands Investment Group Austin - Offenbecher, Sands Investment Group Austin
$9,180,000
Shops at Topaz - Hesperia CA
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 30,000
Cap Rate 7.47%
NOI $685,916
Occupancy 100%
Tenancy Multi
Brand/Tenant Little Caesars
Lease Type NNN
Price per SqFt $306
Year Built 2007
Acreage 3.210
Investment Type Net Lease
Ground Lease No
100% Occupied Retail Center | All NNN Leases | 7.47% CAP | SoCal Market
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 30,000 SF Shops at Topaz located at 14073 Main Street in Hesperia, CA. This offering features a 100% occupied, all Triple Net (NNN) Lease rent roll with 11 established tenants, providing investors with stable, predictable cash flow and limited landlord expense responsibilities. The fully leased tenant roster offers strong income diversification and long-term investment stability, making Shops at Topaz a compelling opportunity in one of Hesperia’s primary retail corridors.
Investment highlights
- 100% Occupied, All Triple Net (NNN) Lease Rent Roll: Shops at Topaz is fully leased across 11 tenants, all on Triple Net (NNN) Leases, delivering an escalating operating income with virtually all expenses passed through to the tenants.
- Diversified Inline Tenant Mix: The center features a complementary mix of food & beverage, fitness, beauty, and service tenants, including Little Caesars, Katsunori Sushi, and Thrive Fitness, driving consistent daily traffic across multiple consumer categories.
- Nearby Traffic Generators Include: Walmart Supercenter (0.9 miles), Stater Bros (0.5 miles), and Hesperia High School with over 2,400 students (1 mile).
- High-Visibility Location on Hesperia's Primary Retail Corridor: Located on Main Street with 38,098 VPD, Shops at Topaz sits along the city's most active retail corridor with direct exposure to dense surrounding residential neighborhoods.
- Positioned in One of California's Fastest-Growing Cities: Hesperia's population has grown 7% since 2019 and is projected to reach over 103,000 in 2026, with the broader metro surpassing 619,000 residents in 2025, directly expanding the consumer base for Shops at Topaz.
- National Brands Validating the Market: Olive Garden and Burlington Coat Factory have both committed to Hesperia, and Sam's Club acquired a site with construction underway, national brand activity that reinforces the demand fundamentals supporting the center.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Austin - Offenbecher, Sands Investment Group Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$685,916.00
$57,159.67/mo
Valuation Metrics
0
DSCR
7.47%
Cap Rate
7.47%
ROI
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