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58012 29 Palms Hwy, Yucca Valley, CA 92284 58012 29 Palms Hwy 3,141 SF Retail Building Yucca Valley, CA 92284 $3,800,000 ($1,209.81/SF) 5.21% Cap Rate



Investment Highlights
- Absolute NNN lease structure with no landlord responsibilities
- Prime frontage on 29 Palms Hwy with ~20,703 VPD exposure
- Surrounded by national anchors driving consistent traffic
- Stable in-place NOI (~$197K annually) with 10% rent bumps every 5 years
- Located within Yucca Valley’s dominant retail corridor
- Tourism-driven market supported by proximity to Joshua Tree
Executive Summary
This offering presents a stabilized, absolute NNN retail investment located along Yucca Valley’s primary commercial corridor, 29 Palms Highway. The ±3,141 SF property is 100% leased with zero landlord responsibilities, delivering passive, management-free income backed by a long-term lease structure and contractual rent increases.
The asset is strategically positioned within a dominant retail trade area, surrounded by national anchors including Stater Bros, Tractor Supply, Harbor Freight, and Dollar Tree, creating strong consumer draw and sustained tenant performance. The property benefits from excellent visibility and accessibility along a high-traffic corridor (~20,703 VPD), capturing both local demand and significant tourism traffic driven by proximity to Joshua Tree National Park.
Recently renovated in 2026, the property offers a modernized retail footprint with long-term viability in a supply-constrained High Desert market. With a 10-year lease term, renewal options, and a personal guarantee in place, this investment provides a compelling combination of stable cash flow, minimal operational risk, and built-in income growth.
The asset is strategically positioned within a dominant retail trade area, surrounded by national anchors including Stater Bros, Tractor Supply, Harbor Freight, and Dollar Tree, creating strong consumer draw and sustained tenant performance. The property benefits from excellent visibility and accessibility along a high-traffic corridor (~20,703 VPD), capturing both local demand and significant tourism traffic driven by proximity to Joshua Tree National Park.
Recently renovated in 2026, the property offers a modernized retail footprint with long-term viability in a supply-constrained High Desert market. With a 10-year lease term, renewal options, and a personal guarantee in place, this investment provides a compelling combination of stable cash flow, minimal operational risk, and built-in income growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,141 SF
Building Class
C
Year Built/Renovated
1993/2026
Price
$3,800,000
Price Per SF
$1,209.81
Cap Rate
5.21%
NOI
$197,880
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.70 AC
Zoning
GC
Parking
40 Spaces (12.73 Spaces per 1,000 SF Leased)
Frontage
154’ on 29 Palms Hwy
Amenities
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- El Pollo Loco
- Accommodation and Food Services
-
99,999 SF
- -
- -
- It's Boba Time
- Accommodation and Food Services
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| El Pollo Loco | Accommodation and Food Services | 99,999 SF | - | - | ||
| It's Boba Time | Accommodation and Food Services | 99,999 SF | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,278,730 | |
| Land Assessment | $517,409 | Total Assessment | $1,796,139 |
Property Taxes
Parcel Numbers
Land Assessment
$517,409
Improvements Assessment
$1,278,730
Total Assessment
$1,796,139
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58012 29 Palms Hwy, Yucca Valley, CA 92284 | 58012 29 Palms Hwy
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