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Shops at Topaz 14073 Main St 30,000 SF 100% Leased 4-Star Retail Building Hesperia, CA 92345 $9,700,000 ($323.33/SF) 7.58% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Traffic Location – Signalized corner on Main Street with ±37,000 VPD, adjacent to Walmart Supercenter and other national retailers.
- Strong Demographics – ±199,000 residents within 15 minutes and average household income around $78,000, supporting consistent consumer demand.
- Stable Income – 100% leased to a diverse mix of national and seasoned local tenants, producing ~$770K NOI.
EXECUTIVE SUMMARY
Shops at Topaz presents a premier, fullystabilized multi-tenant retail investment in the heart of Hesperia, one of the fastest-growing markets in the High Desert. Strategically located at the signalized intersection of Topaz Avenue and Main Street, the property benefits from ±37,000 vehicles per day and a dense population of over 199,056 residents within a 15-minute drive time.
The High Desert region — and Hesperia in particular — has seen strong population growth and increasing capital investment as operators and investors migrate inland in search of value and long-term upside. The property is surrounded by a thriving national tenant mix including Walmart Supercenter, Stater Bros, U.S. Bank, and other well-known retailers, reinforcing its status as a dominant retail hub in the trade area.
- Premier Location: Signalized corner at Topaz Ave & Main St with ±37,000 VPD and strong visibility.
- Anchor Trade Area: Adjacent to Walmart Supercenter, Stater Bros, and U.S. Bank, ensuring consistent consumer traffic.
- Financials Asking price $10,000,000 ($333/SF).
- Demographics: Over 199,000 residents within a 15-minute drive; median HH income ±$78,000.
- Investment Profile: Ideal 1031 Exchange replacement property offering secure cash flow, minimal management, and strong long-term appreciation potential in the growing High Desert market.
The High Desert region — and Hesperia in particular — has seen strong population growth and increasing capital investment as operators and investors migrate inland in search of value and long-term upside. The property is surrounded by a thriving national tenant mix including Walmart Supercenter, Stater Bros, U.S. Bank, and other well-known retailers, reinforcing its status as a dominant retail hub in the trade area.
- Premier Location: Signalized corner at Topaz Ave & Main St with ±37,000 VPD and strong visibility.
- Anchor Trade Area: Adjacent to Walmart Supercenter, Stater Bros, and U.S. Bank, ensuring consistent consumer traffic.
- Financials Asking price $10,000,000 ($333/SF).
- Demographics: Over 199,000 residents within a 15-minute drive; median HH income ±$78,000.
- Investment Profile: Ideal 1031 Exchange replacement property offering secure cash flow, minimal management, and strong long-term appreciation potential in the growing High Desert market.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
30,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2007
Price
$9,700,000
Price Per SF
$323.33
Cap Rate
7.58%
NOI
$735,260
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
3.22 AC
Zoning
NC - neighborhood commercial
Parking
175 Spaces (5.83 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3057-071-05 | Improvements Assessment | $6,855,700 |
| Land Assessment | $1,499,700 | Total Assessment | $8,355,400 |
PROPERTY TAXES
Parcel Number
3057-071-05
Land Assessment
$1,499,700
Improvements Assessment
$6,855,700
Total Assessment
$8,355,400
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Shops at Topaz | 14073 Main St
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