14788 Bear Valley Rd | Victorville, CA
Marcus & Millichap is pleased to present a newly constructed 4-tenant NNN retail property in Victorville, California. The real estate consists of a 4,664 of improvements sitting on 1.17-acre parcel, fronting Bear Valley Road. The building is a well-designed proto-typical retail property featuring Dutch Brothers Coffee on the end cap with a double drive-through. In addition to Dutch Bros. Coffee, the tenant roster consists of Jersey Mikes, Cricket Wireless and The Buffalo Spot on long term NNN leases. All tenants have rental increases thorough out their lease term and options providing increasing cash flow and returns.
This location on Bear Valley Road adjacent to the I-15 freeway on ramp experiences 62,700 and 100,000 cars per day respectively. Bear Valley Road is the one of most highly traveled commuter roads in the High Desert and home to an abundant number of restaurants and retailers. Some of the nearby retailers include Carl’s Jr., McDonalds, Starbucks, Popeyes, Panda Express, Burger King and the Home Depot, showing the strength of this location.
Victorville is the business hub of the area and draws consumers from well beyond its immediate area. It is the largest commercial center between San Bernardino and the Nevada border. The city of Victorville is home to a large and diverse pool of workers and is home to 34 universities, colleges and technical schools providing an abundant supply of skilled labor. Victorville has experienced tremendous growth over the last decade with the population increasing over 117% since 2000 and a projected 20% growth over the next five years. There are 15,663 homes planned in the Victor Valley region and the area has seen a 35% growth in new home permits in 2019.
Proven & Profitable Location. Outparcel to Super Walmart Shopping Center
Absolute Net Lease Investment, No Landlord Responsibility
10% Increases every 5 years. Long-term Tenancy since 1995
Carrols Restaurant Group (NASDAQ: TAST) Largest Burger King Operator in the world with over 1,090 units
No State Income Tax in Tennessee
Strong Demographics: Memphis MSA Commercial and Distribution Hub