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Desert Hills Plaza 57200 29 Palms Hwy 46,654 SF Vacant Retail Building Yucca Valley, CA 92284 For Sale
Investment Highlights
- Currently demised into Unit 103: ±12,663 / Unit 102: ±15,547 / Unit 101 (Grocery Outlet): ±18,444 SF
- ±42,000 ADT between Twentynine Palms Highway (State Route 62) and Old Woman Springs Road (State Route 247)
- Two highway signage panels available for maximum exposure
- Anchored by Grocery Outlet Bargain Market
- Up to ±28,210 SF junior box or big box space available for lease
- Nearby Major Retailers: Walmart Supercenter, Home Depot, Vons, Stater Bros., Marshalls, Petco, Ross Dress For Less, Tractor Supply Co.
Executive Summary
-In-Place Anchor Tenant: Property is currently occupied by a strong performing Grocery Outlet with upside through lease-up of junior and/or big box space (+/-28,210 SF)
-Early 5-Year Extension: Grocery Outlet's early renewal demonstrates long term commitement to the site; Grocery Outlet executed the first of their 4, 5 Year options to extend 3 years early demonstrating long term commitment to this location
-Strong Store Sales: Please reach out to agent for details regarding store performance
-Significant Upside Through Lease-Up: Grocery Outlet's performance demonstrates a strong anchor for co-tenancy, increasing the long term viability of co-tenants
-Current In-Place NOI: +/-$160,000
-Est. Stabalized NOI: +/-$468,000
-Please contact agents for further details
-Early 5-Year Extension: Grocery Outlet's early renewal demonstrates long term commitement to the site; Grocery Outlet executed the first of their 4, 5 Year options to extend 3 years early demonstrating long term commitment to this location
-Strong Store Sales: Please reach out to agent for details regarding store performance
-Significant Upside Through Lease-Up: Grocery Outlet's performance demonstrates a strong anchor for co-tenancy, increasing the long term viability of co-tenants
-Current In-Place NOI: +/-$160,000
-Est. Stabalized NOI: +/-$468,000
-Please contact agents for further details
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
46,654 SF
Building Class
C
Year Built
1980
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Unit 101
- 18,444 SF
- Retail
- -
- Now
- Unit 102
- 15,547 SF
- Retail
- -
- Now
- Unit 103
- 12,663 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| Unit 101 | 18,444 SF | Retail | - | Now |
| Unit 102 | 15,547 SF | Retail | - | Now |
| Unit 103 | 12,663 SF | Retail | - | Now |
Unit 101
| Size |
| 18,444 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Unit 102
| Size |
| 15,547 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Unit 103
| Size |
| 12,663 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0595-371-37 | Improvements Assessment | $7,481,621 CAD |
| Land Assessment | $1,114,652 CAD | Total Assessment | $8,596,274 CAD |
Property Taxes
Parcel Number
0595-371-37
Land Assessment
$1,114,652 CAD
Improvements Assessment
$7,481,621 CAD
Total Assessment
$8,596,274 CAD
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Desert Hills Plaza | 57200 29 Palms Hwy
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