17180 Bear Valley Rd Victorville, CA 92392
- Lifestyle centers
- 16,314 SF
- 2.08 lot acres
Current Use by Public Records
- MoneyGram / Money Transfer Service
- Children's Choice Dental Care / Pediatric Dentist / Dental Clinic
Property Details for 17180 Bear Valley Rd
- Lot size
- 2.08 lot acres
- Property size
- 16,314 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
- APN
- 3091-271-63
Description
This single-story, 16,314 square foot shopping center in Victorville, CA, presents a compelling value-add investment opportunity. Priced at $3,840,000, it boasts a 6.75% cap rate and a Net Operating Income (NOI) of $259,224. The property sits on a 2.08-acre lot and features three units, currently 92% occupied by a mix of tenants including Five Below and Children's Choice Dental Care. The center benefits from a strong tenant base with long-term leases, including a 10-year lease recently signed by a major tenant and another lease extending to December 2030. Located on Bear Valley Road, a high-traffic area with 43,515 vehicles per day, and near Hesperia Road (24,238 VPD), this property enjoys excellent visibility and accessibility. The property is a triple-net (NNN) lease structure with corporate guarantees, minimizing landlord responsibilities and maximizing return. Its location offers convenient access to Interstate 15, further enhancing its appeal. This is a rare opportunity to acquire a well-positioned retail center with a proven track record of success and significant upside potential. The property's strong financials, coupled with its prime location and stable tenancy, make it an attractive investment for discerning buyers. The property's Assessed Parcel Number (APN) is 3091-271-63.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Victorville
- County
- San Bernardino
- State
- California
- Longitude
- -117.28783179095
- Latitude
- 34.471978900793
