20250 US HIGHWAY 18 Apple Valley CA 92307-2937

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.​

• ​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.

The store at this location is dark and no longer in operation but will produce over $2,000,000 of income over the remaining 5 years of lease term. Rental income is guaranteed by Walgreens corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations. Lease buyout is available from Walgreens. Property can be purchased free and clear of debt or by a debt assumption. The current loan has an interest rate of 4.53%, 15/25, and a monthly payment of $16,273 giving a buyer $10,727 cash ow per month not including principal paydown. The loan comes due 7/28/2029.

• Impressive 15,035 SF modern building

• 5 Years Left on Walgreens Lease (Lease Buyout available from WAG)

• Constructed in 2004 with contemporary design

• Ideal for retail or free-standing building investors

• Prime location in thriving Apple Valley area

• High visibility and accessibility