14426 Palmdale Rd, Victorville, CA 92392
- Drug stores
- 13,014 SF
- 1.61 lot acres
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store / Printing Service
- CVS Pharmacy / Pharmacy
- CVS / Pharmacy
- CDReload - Online Bitcoin ATM / Atm / Currency Exchange Service
- UPS Access Point location / Courier Service / Postal Service
Property Details for 14426 Palmdale Rd
- Year built
- 2010
- Lot size
- 1.61 lot acres
- Property type
- Drug stores
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 3, 2026 | $7,200,000 | Rhph Enterprises LLC | Ag Wg I LLC | Grant Deed | $1.8M · American First Cu |
| Apr 28, 2022 | — | Ag Wg I LLC | — | Deed · related | $6M · Peapack Gladstone Bank |
| Apr 28, 2020 | $8,495,000 | Ag Wg I LLC | 14426 Palmdale Road LLC | Grant Deed | — |
Description
This exceptional investment opportunity presents a 13,014 square foot CVS Pharmacy in Victorville, CA, situated on a 1.61-acre lot. The property boasts a Class A, single-tenant, absolute NNN lease with CVS Pharmacy, a credit-rated tenant with a corporate guarantee. The lease commenced February 25, 2011, and has a remaining term of approximately 12.2 years, extending to January 31, 2037, with ten 5-year renewal options. The property features a strong 5.50% cap rate and a pro-forma NOI of $516,721. Built in 2010, this single-story building enjoys a prime location at a signalized intersection with over 43,700 vehicles passing daily, near major medical facilities and retail centers. The location benefits from a dense population base, with over 89,000 residents within three miles and 176,000 within five miles. The asking price is $9,394,927, representing a price per square foot of $721.91. This fee-simple ownership offers a stable, long-term investment opportunity suitable for a 1031 exchange. The property's exceptional location, strong tenant, and long-term lease provide a compelling investment proposition. The property is 100% occupied since its opening on February 25, 2011.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Victorville
- County
- San Bernardino
- State
- California
- Longitude
- -117.3474381
- Latitude
- 34.5073789
