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Sprouts Value Add | Victorville, CA 12450 Amargosa Rd 44,388 SF 53% Leased Retail Building Victorville, CA 92392 $10,500,000 ($236.55/SF) 8.59% Cap Rate
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
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
Property Taxes
| Parcel Number | 3093-091-11 | Improvements Assessment | $3,370,604 |
| Land Assessment | $2,536,483 | Total Assessment | $5,907,087 |
Property Taxes
Parcel Number
3093-091-11
Land Assessment
$2,536,483
Improvements Assessment
$3,370,604
Total Assessment
$5,907,087
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