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Raising Cane's | New 15yr Corp NNN Grd Lse SEC Bear Valley Rd 3,546 SF Retail Building Apple Valley, CA 92308 $5,600,000 ($1,579.24/SF) 5% Cap Rate



Investment Highlights
- New 15 Year Lease | Options To Extend | Scheduled Rental Increases Corporate Guaranteed | Brand New Construction
- New Sprouts-Anchored Retail Development | Dense Retail Corridor 84,600 VPD Intersection | Jess Ranch Marketplace (6.8M+ Visits)
- NNN | Leased Fee Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Area Development
Executive Summary
Property Facts
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
About Mojave River Valley
The Mojave River Valley is one of Southern California's most affordable housing markets. It offers access to various outdoor recreational activities and National Parks. About 450,000 people live in the valley area, which includes Apple Valley, Adelanto, Hesperia, and Victorville.
The area is strategically located between Los Angeles and Las Vegas along Interstate 15 in the Inland Empire. Victorville is one of the largest areas of the region and has had success luring new businesses to the area, which is headlined by Amazon. Among retailers, Pick ‘n Save recently opened in Victorville, and Grocery Outlet opened in Apple Valey. New retail pads near Interstate 15 heading toward Las Vegas or Interstate 40 heading to Arizona have been in high demand.
The development of the Brightline West rail line from Las Vegas to Rancho Cucamonga is poised to increase travelers and commerce in the Mojave River Valley, improving its economic viability. The new rail line, which includes stations in Apple Valley and Hesperia, could initiate service as early as 2028 before the Summer Olympics.
Demographics
Demographics
Nearby Major Retailers
Property Taxes
| Parcel Number | 0434-021-37 | Improvements Assessment | $0 |
| Land Assessment | $1,893,528 | Total Assessment | $1,893,528 |
Property Taxes
Sale Advisors
Patrick Luther, Managing Principal and Co-Founder
Patrick graduated from Arizona State University with a bachelor’s degree in finance. Patrick was recognized alongside business partner, Matthew Mousavi, in 2019 as a top three net lease team in the U.S. and the seventh-ranked team in the overall U.S. commercial real estate industry. He is an active member of the International Council of Shopping Centers (ICSC) and CCIM communities and can be found rock climbing or traveling internationally in his free time.
Matthew Mousavi, Sr. Managing Principal, Co-Head of National Net
Matthew is widely recognized as one of the most active and reputable investment brokers in the country, receiving numerous industry accolades with a track record in excess of $12 billion in transaction volume, including on behalf of the largest property owners domestically and abroad, comprised of both publicly traded entities and private investors. Matthew currently manages a team of over 75 professionals focusing exclusively on the sale of single-tenant and multi-tenant retail properties and manages the sale of more than $2 billion in available property in over 40 states.
He advises clients in the acquisition and disposition of retail investment properties nationwide and is especially adept at aggressively and diligently marketing properties in order to meet the owners’ objectives of price and timing. Matthew’s experience includes hundreds of single-tenant transactions, structured portfolio sales, multi-unit national sale-leaseback portfolio sales, stable core multi-tenant centers, neighborhood, community and power centers, developer sales and pre-sales, and distressed asset sales throughout the U.S.
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Raising Cane's | New 15yr Corp NNN Grd Lse | SEC Bear Valley Rd
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