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Warren Vista Center 57675 Twentynine Palms Hwy 17,338 SF 100% Leased Retail Building Yucca Valley, CA 92284 $5,325,000 ($307.13/SF) 7.50% Cap Rate
Investment Highlights
- 100% Occupied Retail Center – Warren Vista Center is a 17,338 SF shopping center with a mix of medical, office and restaurant tenants
- Future Pad Development Potential – The offering presents a unique opportunity to add value and income through the development of the 1.27-acre pad
- Highly Travelled Retail Corridor – Warren Vista Center is located along Twentynine Palms Hwy (28,000+ cars per day)
- Stabilized Tenancy – Recent tenant activity with newer leases and long-term occupancy prove the viability of this location
- Strong WALT – Warren Vista Center boasts stable tenancy with 6.53 years of weighted average lease term remaining (WALT)
Executive Summary
* 100% Occupied Retail Center – Warren Vista Center is a 17,338 SF shopping center with a mix of medical, office and restaurant tenants and shadow-anchored by international grocery operator ALDI (NAP), providing a daily needs draw to the center
* Stabilized Tenancy – Recent tenant activity with newer leases and long-term occupancy prove the viability of this location. Yucca Family Medical Care, which accounts for ±70% of base rent, has operated at Warren Vista Center for over 10 years.
* Yucca Family Medical Care signed a 10-year lease renewal in 2023 as well as signing a new lease in 2024 to occupy two additional suites – further increasing their footprint at the property and proving their commitment to this location.
* Future Pad Development Potential – The offering presents a unique opportunity to add value and income through the development of the 1.27-acre pad. This pad has an existing CUP for commercial uses and is graded, with all utilities to the property line.
* Strong WALT – Warren Vista Center boasts stable tenancy with 6.53 years of weighted average lease term remaining (WALT)
* Highly Travelled Retail Corridor – Warren Vista Center is located along Twentynine Palms Hwy (28,000+ cars per day), the most heavily trafficked arterial through Yucca Valley
* Tenants within a 1-mile radius of the property include Stater Bros, Tractor Supply, Walgreens, Big 5 Sporting Goods, Dollar Tree, Starbucks, McDonalds, Vons, Ross, US Bank, Chipotle and more
* Stabilized Tenancy – Recent tenant activity with newer leases and long-term occupancy prove the viability of this location. Yucca Family Medical Care, which accounts for ±70% of base rent, has operated at Warren Vista Center for over 10 years.
* Yucca Family Medical Care signed a 10-year lease renewal in 2023 as well as signing a new lease in 2024 to occupy two additional suites – further increasing their footprint at the property and proving their commitment to this location.
* Future Pad Development Potential – The offering presents a unique opportunity to add value and income through the development of the 1.27-acre pad. This pad has an existing CUP for commercial uses and is graded, with all utilities to the property line.
* Strong WALT – Warren Vista Center boasts stable tenancy with 6.53 years of weighted average lease term remaining (WALT)
* Highly Travelled Retail Corridor – Warren Vista Center is located along Twentynine Palms Hwy (28,000+ cars per day), the most heavily trafficked arterial through Yucca Valley
* Tenants within a 1-mile radius of the property include Stater Bros, Tractor Supply, Walgreens, Big 5 Sporting Goods, Dollar Tree, Starbucks, McDonalds, Vons, Ross, US Bank, Chipotle and more
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,338 SF
Building Class
B
Year Built
2014
Price
$5,325,000
Price Per SF
$307.13
Cap Rate
7.50%
NOI
$399,375
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
3.67 AC
Zoning
Commercial
Parking
90 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
255’ on Warren Vista
Amenities
- Dedicated Turn Lane
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Hi-Desert Publishing Company
- Information
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Lorem Ipsum
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Jan 0000
- Yucca Family Medical Care
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Hi-Desert Publishing Company | Information | - | - | Lorem Ipsum | Jan 0000 | |
| Yucca Family Medical Care | - | - | - | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,979,917 | |
| Land Assessment | $1,725,978 | Total Assessment | $4,705,895 |
Property Taxes
Parcel Numbers
Land Assessment
$1,725,978
Improvements Assessment
$2,979,917
Total Assessment
$4,705,895
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Warren Vista Center | 57675 Twentynine Palms Hwy
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