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14554 7th St 7,359 SF Retail Building Victorville, CA 92395 $3,001,257 ($407.83/SF) 7% Cap Rate
Investment Highlights
- The property features over 6 years remaining on a 12-years of term, with 3% annual rental increases, ensuring a reliable income stream.
- Competitive Market Rent: The current base rent of $28 per square foot annually is well-aligned with market rates, supported by the growing demand.
- Tenant Reimbursements for All Expenses
Executive Summary
CBRE is pleased to offer for sale the net-leased property occupied by Mojave River Academy and a Wells Fargo ATM, located in Victorville, California. The property consists of an approximately 7,359-square-foot free-standing pad building situated within Victor Plaza, a well-established 171,636-square-foot neighborhood center anchored by national retailers such as dd’s Discounts, Goodwill, and AutoZone.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,359 SF
Building Class
C
Year Built/Renovated
1968/2019
Price
$3,001,257
Price Per SF
$407.83
Cap Rate
7%
NOI
$210,088
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.54 AC
Opportunity Zone
Yes
Parking
40 Spaces (5.44 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 3106-262-24 | Improvements Assessment | $741,805 |
| Land Assessment | $130,367 | Total Assessment | $872,172 |
Property Taxes
Parcel Number
3106-262-24
Land Assessment
$130,367
Improvements Assessment
$741,805
Total Assessment
$872,172
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14554 7th St
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