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Escondido Plaza Shops 13368 Main St 7,000 SF 100% Leased Retail Building Hesperia, CA 92345 $4,683,000 ($669/SF) 5.75% Cap Rate
Investment Highlights
- 100% Leased to a Diverse Mix of Tenants: T-Mobile, Marco's Pizza, and Western Dental
- Located within Escondido Plaza Shopping Center, Shadow-Anchored by ALDI and Directly Across from a Super Walmart-Anchored Power Center
- Growing Trade Area with 130,673 Residents within a 5-Mile Radius
- All NNN, ±10-Year Leases with Regularly-Occurring Rental Increases
- Excellent Frontage Along Main Street in Hesperia's Primary Retail Thoroughfare, Accessible by ±32,000 Cars per Day
- Average Household Income Exceeds $102,000 in the Immediate Area
Executive Summary
Marcus & Millichap is pleased to present for sale Escondido Plaza Shops in Hesperia, CA, 100 percent leased by T-Mobile, Marco's Pizza, and Western Dental.
Hesperia is a growing city in San Bernardino County, California, located in the High Desert region of the Mojave Desert. The city lies roughly 35 miles north of San Bernardino, 40 miles from Ontario, and 75 miles northeast of Los Angeles, giving residents access to major employment centers while maintaining a more affordable suburban lifestyle.
Hesperia is a growing city in San Bernardino County, California, located in the High Desert region of the Mojave Desert. The city lies roughly 35 miles north of San Bernardino, 40 miles from Ontario, and 75 miles northeast of Los Angeles, giving residents access to major employment centers while maintaining a more affordable suburban lifestyle.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2017
Price
$4,683,000
Price Per SF
$669
Cap Rate
5.75%
NOI
$269,254
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.88 AC
Zoning
RC
Parking
40 Spaces (8.57 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0405-062-91 | Improvements Assessment | $3,242,815 |
| Land Assessment | $876,129 | Total Assessment | $4,118,944 |
Property Taxes
Parcel Number
0405-062-91
Land Assessment
$876,129
Improvements Assessment
$3,242,815
Total Assessment
$4,118,944
Contacts
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Sean Lenchner -
Mark Ruble -
Christopher Lind -
Zack House -
Tony Solomon -
Marcus & Millichap
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