14528 Palmdale Rd
Victorville, CA 92392
Cardenas · Retail Property For Sale

NKF Capital Markets is pleased to present investors with the opportunity to acquire a single tenant Cardenas Market on a new twenty (20) year NNN lease. Cardenas is one of the premiere Hispanic grocers operating 56 stores in California, Arizona and Nevada—49 Cardenas stores and 7 Los Altos Ranch Markets. Cardenas recently opened this store, which is prominently located at a signalized intersection on Palmdale Road, the regions primary commercial corridor. The subject property consists of a 46,218 square foot building located on approximately 3.65 acres of land. The grocer benefits from exceptionally strong demographics, and robust housing growth in the immediate trade area. This submarket has approximately 92,870 and 179,319 residents with average household incomes in excess of $64,074 and $65,724 within a 3 & 5-mile radius. Dense Hispanic population of over 54% within a 3-mile radius, up from 48% in 2010. The property offers primary access points from both Palmdale Road and El Evado Road, as well as plentiful on-site parking enhancing the convenience of this location to consumers. In addition, Cardenas has prominent monument signage on both major streets increasing their identity. This offering presents investors the rare opportunity to acquire a single tenant, credit grocer on a long-term lease with limited landlord responsibilities.