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STARBUCKS w/ DR-THRU | FOOD 4 LESS OUTPARCEL 20781 Bear Valley Rd 2,992 SF Retail Building Apple Valley, CA 92308 $3,180,000 ($1,062.83/SF) 5.35% Cap Rate
Investment Highlights
- Complete 2026 Renovation w/ Drive-Thru - Long Term Starbucks Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- The Site Sits in Close Proximity to Numerous National Retailers, including Target, WinCo Foods, Lowe’s, The Home Depot, Burlington, Best Buy, etc.
- Starbucks has a S&P Investment Grade Credit Rating of “BBB+” and is Ranked #116 on the Fortune 500 List with an Annual Revenue of more than $37.18B.
- Positioned at the Signalized Intersection of Bear Valley Road and Kiowa Road, the Site offers Strong Visibility and Easy Ingress/Egress.
- A Short Drive from Victor Valley College, a Two-Year Public Institution on Bear Valley Road in Victorville Enrolling more than 10,000 Students.
- The Property Sits within Kiowa Plaza Shopping Center on Bear Valley Road, Joining Co-Tenants Food 4 Less, Pizza Hut, U-Haul, ARCO/ampm, and more.
Executive Summary
Starbucks w/ Drive-Thru | Food 4 Less Outparcel | High Traffic Grocery Anchored Center | Near Major Signalized Intersection | 2026 Complete Renovation | Densely Populated and Affluent Area | Retail Corridor | In Close Proximity to I-15 | W/in Retail Center | High Desert Growth Market | Near Apple Valley High School & Victor Valley College | Minutes from Regional Hospital
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,992 SF
Building Class
C
Year Built/Renovated
1990/2026
Price
$3,180,000
Price Per SF
$1,062.83
Cap Rate
5.35%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.41 AC
Zoning
CG - General Commercial
Parking
25 Spaces (8.36 Spaces per 1,000 SF Leased)
Frontage
190’ on Bear Valley Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Starbucks
- Retailer
- 2,992 SF
- -
- Double Net
- Nov 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Starbucks | Retailer | 2,992 SF | - | Double Net | Nov 2036 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0434-051-84 | Improvements Assessment | $660,000 |
| Land Assessment | $290,000 | Total Assessment | $950,000 |
Property Taxes
Parcel Number
0434-051-84
Land Assessment
$290,000
Improvements Assessment
$660,000
Total Assessment
$950,000
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