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Investment Highlights

  • Two-Tenant Sprouts-Anchored Property with 21,000 SF Vacant Box, Value-Add Opportunity
  • 13 Years Remaining Initial 15-Year Lease Executed in 2024
  • Opened 37 Stores in 2025; Plans to Open 40 Additional Stores in 2026
  • Long-Term Sprouts (NASDAQ: SFM) Lease: Specialty Grocery Retailer Focused on Fresh, Natural, and Organic Foods with 480 Locations
  • Rent Increases Every 5 Years
  • Reported 7% Comparable-Store Sales Growth in 2025

Executive Summary

Long-Term Sprouts (NASDAQ: SFM) Lease; Top 4% Most Trafficked in Chain | Opportunity to Lease up 21,000 Vacant Box | Proforma 8.6% Cap Rate | Contiguous to The Mall of Victor Valley with 4.5 Million Annual Visitors | Located at the Bear Valley Road On/Off Ramp to the I-15 Freeway | 205,000 People within a 5-Mile Radius; $100,000 AHHI within a 1-Mile Radius

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
44,388 SF
Building Class
B
Year Built/Renovated
1989/2024
Price
$10,500,000
Price Per SF
$236.55
Cap Rate
8.59%
NOI
$901,950
Percent Leased
53%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.25
Lot Size
4.04 AC
Zoning
C2-T - Commercial
Parking
227 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
854’ on Amargosa

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Sprouts Farmers Market began in 2002 and built on a family produce heritage that traces back to a single fruit stand in San Diego. The company operates a nationwide grocery business centered on fresh produce, natural and organic foods, and better-for-you products. Store offerings include produce, deli and prepared foods, bakery, bulk items, dairy, meat and seafood, grocery, frozen foods, vitamins, body care, and beer and wine. Sprouts presents an open-layout shopping experience shaped around farm-stand heritage and a curated assortment for everyday grocery shopping.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100

Nearby Major Retailers

Planet Fitness
Vallarta Supermarkets
Olive Garden
Outback Steakhouse
Red Lobster
Red Robin
Hot Dog on a Stick
Steak ‘n Shake
Crunch Fitness
Starbucks

Property Taxes

Property Taxes

Parcel Number
3093-091-11
Land Assessment
$2,536,483
Improvements Assessment
$3,370,604
Total Assessment
$5,907,087
  • Listing ID: 39792076

  • Date on Market: 3/16/2026

  • Last Updated:

  • Address: 12450 Amargosa Rd, Victorville, CA 92392

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