57736 29 Palms Hwy Yucca Valley, CA 92284
- Retail space
- 1,878 SF
- 1.40 lot acres
Current Use by Public Records
- Del Taco / Takeout Restaurant / Mexican Restaurant
Property Details for 57736 29 Palms Hwy
- Year built
- 1981
- Lot size
- 1.40 lot acres
- Property size
- 1,878 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 0595-271-41
Description
This exceptional investment opportunity presents a 1,878 square foot, single-tenant, absolute NNN retail property located at 57736 29 Palms Hwy, Yucca Valley, CA 92284. The property sits on a 1.4-acre lot and boasts a highly visible location on a signalized hard corner along the 29 Palms Highway, a major thoroughfare with 26,617 vehicles per day. Its proximity to Joshua Tree National Park, attracting over 3.2 million visitors annually, ensures consistent high traffic. The current tenant, Tacos Verdes, recently signed a new 10-year lease extension (expiring 02/29/2036), demonstrating strong commitment to the location. This property benefits from a 4.95% cap rate and a strong NOI of $128,241. The lease includes 10% rent bumps every five years and three 5-year option periods. The property has a 100% occupancy rate and features a building constructed in 1981. The property is situated near other national tenants including Vons, Aldi, Starbucks, McDonald's, Applebee's, Rite Aid, Napa, and Five Star Gym & Fitness, creating a vibrant retail environment. The previous tenant, Del Taco, operated successfully at this location for over 35 years, generating above-average sales. This property offers a secure, passive income stream with minimal landlord responsibilities, making it an ideal addition to any investment portfolio. The property's APN is 0595-271-41. The asking price is $2,590,727.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yucca Valley
- County
- San Bernardino
- State
- California
- Longitude
- -116.40504170373
- Latitude
- 34.126526417517
