61142 29 Palms Hwy 2,168 SF 100% Leased Retail Building Joshua Tree, CA 92252 $3,232,190 CAD ($1,490.86 CAD/SF) 5.21% Cap Rate

Institutional-quality net leased investment opportunity featuring a purpose-built electric vehicle retail, service, and charging asset leased to Rivian, an industry-leading electric vehicle manufacturer and nationally recognized consumer brand. The property was substantially improved and built out by the tenant as a branded dealership, customer experience center, and fast-charging facility strategically designed to serve both Rivian customers and the broader electric vehicle market. Positioned on highly visible frontage along Twentynine Palms Highway (Highway 62), the region’s primary east-west commercial corridor, the asset benefits from exceptional accessibility, strong daily traffic counts, and prominent exposure to both local residents and substantial visitor traffic traveling to Joshua Tree National Park, one of Southern California’s premier tourism destinations. The investment is uniquely positioned within a supply-constrained market characterized by limited electric vehicle charging infrastructure and minimal competing fast-charging alternatives in the immediate Joshua Tree trade area. As EV adoption continues to accelerate statewide, the property serves as a critical infrastructure node supporting both destination travelers and regional transportation demand.
Offered subject to a long-term lease structure, the asset provides investors with durable cash flow backed by a high-credit-profile tenant and meaningful tenant capital investment into specialized improvements and charging infrastructure. The combination of mission-critical tenancy, long lease duration, strategic desert infill location, and strong underlying land fundamentals creates a compelling risk-adjusted investment profile. This offering represents a rare opportunity to acquire a next-generation transportation-oriented asset within a high-barrier-to-entry corridor benefiting from tourism demand, transportation electrification trends, and continued growth in California’s EV ecosystem.