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    17051 Bear Valley Rd Hesperia, CA 92345

    For Sale
    $6,720,000

    Single-tenant Walgreens with a new 5-year lease extension.

    Property size:
    15,120 SF

    Property Features for 17051 Bear Valley Rd

    General Information

    Size
    15,120 SF

    Building Details

    Year built
    2002

    Source: Tim Genske Agent Tim Genske

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Walgreens NNN Lease Opportunity

    This property features a single-tenant NNN lease with Walgreens Pharmacy, which has occupied the site for over 23 years and has just exercised a new 5-year option to extend. Walgreens is a well-known drugstore chain with over 8,500 locations throughout the US. The property is located in Hesperia, a city in San Bernardino County, California, situated 35 miles north of San Bernardino in Victor Valley and surrounded by the Mojave Desert. This location is currently Walgreen’s only 24-hour store in this high-desert region. The property is positioned on the corner of Bear Valley Road and Hesperia Road, offering tremendous visibility and access from both streets. The location is proximate to both residential and commercial uses. The net lease structure is ideal for a passive investor looking for stable cash flow with zero landlord maintenance obligations. The property size is 15,120 square feet.
    Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor FedEx OnSite Mailing Service Walgreens Cosmetics Store Walgreens Pharmacy Pharmacy Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    A Family Pharmacy, GNC at Rite Aid, Ruth Mercy Magalit, RPH, VI T. Dang, RPh, Beauty Spa Services

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.2915968
    Latitude
    34.4703608

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    FAQs

    What type of property is this?
    Drug store - Single-tenant Walgreens with a new 5-year lease extension.
    Where is this drug store located?
    The property is located at 17051 Bear Valley Rd Hesperia, CA.
    What is the asking price?
    The asking price for this property is $6,720,000.
    What are key features of this property?
    This property features: - Single-tenant NNN lease with Walgreens, providing stable cash flow.; - Walgreens has occupied the site for over 23 years and just exercised a new 5-year option.; - **Currently Walgreens' only 24-hour store in this high-desert region.**
    (213) 200-8084
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    17051 Bear Valley Rd Hesperia, CA 92345
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17051 Bear Valley Rd Hesperia, CA 92345
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