57590 29 Palms Hwy Yucca Valley, CA 92284

This exceptional investment opportunity presents a 40,000 square foot Vons grocery store in Yucca Valley, CA, situated on 3.03 acres. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $306,053. The Vons store, established in 1981, benefits from a triple-net (NNN) lease with a remaining term of approximately 6.3 years, plus option periods, and includes percentage rent. This single-tenant property is an anchor in the Joshua Village Shopping Center, a key retail hub in a high-traffic area, serving a large metropolitan statistical area and the nearby 29 Palms Marine Corps Air Ground Combat Center. The location benefits from significant year-round tourism due to its proximity to Joshua Tree National Park. The property's strong tenant, a major national food and drug retailer, provides a robust corporate guaranty. With below-market rents and a history of sales exceeding $690 per square foot, this investment offers exceptional intrinsic value and a stable income stream. The asking price is $4,370,000, translating to $109.25 per square foot. The property's strong demographics, including a high household income of $81,227, further enhance its investment appeal. This is a rare opportunity to acquire a well-established, high-performing grocery store asset in a desirable Southern California location. The property's address is 57590 29 Palms Hwy, Yucca Valley, CA 92284. The APN is 0595-271-36.