20610 Bear Valley Rd Apple Valley, CA 92308
- Commercial real estate
- 5,684 SF
Current Use by Public Records
- Burger King / Restaurant / Fast Food Restaurant
Property Details for 20610 Bear Valley Rd
- Year built
- 1996
- Property size
- 5,684 SF
- Property type
- Commercial real estate
- APN
- 3087-641-12-0000
Description
Prime Apple Valley, CA location, this freestanding 5,684 sq ft Burger King offers a stabilized, absolute NNN lease with a strong franchisee. Built in 1996, the property boasts 100% occupancy and a 5.69% cap rate, generating a $96,800 NOI. The lease, commencing October 1, 2011, and expiring October 31, 2026, includes four to five-year renewal options with 10% rent bumps every five years. Located at 20610 Bear Valley Rd, Apple Valley, CA 92308, this single-story building features 30 parking spaces, pylon and monument signage, and excellent visibility. The property benefits from high traffic counts and proximity to major retailers like Super Target and Walmart, as well as new residential developments and Interstate 15. The property is zoned for fast food restaurants with drive-thru access and includes a Kid's Club. This is a turnkey investment opportunity with significant upside potential due to the strong tenant, favorable lease terms, and prime location. The asking price is $1,700,000, representing a price per square foot of $299.09. The APN is 3087-641-12-0000.
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
- Apple Valley
- County
- San Bernardino
- State
- California
- Longitude
- -117.2137725
- Latitude
- 34.4718352
