Apple Valley Retail for Sale - Mojave River Valley
SRS National Net Lease presents an exceptional investment to acquire the leased fee interest in an absolute NNN, corporate-guaranteed Raising Cane’s property, ideally located at 19399 Bear Valley Road in Apple Valley, California.
This newly constructed freestanding asset benefits from a brand-new lease with Raising Cane’s Restaurant LLC, one of the fastest-growing restaurant brands in the nation, now boasting more than 900 locations across over 40 states. The tenant’s commitment to this premier site is reflected in a 15-year lease agreement, complemented by three 5-year renewal options and an additional 4-year option. The lease structure provides 10% rental increases every five years for the original term, and at the commencement of each option period, ensuring consistent growth in net operating income and a reliable hedge against inflation. With absolute NNN terms and no landlord responsibilities, this investment delivers truly passive, dependable rental income.
19399 Bear Valley Road is set within the newest retail development in Apple Valley and Northern San Bernardino County, occupying a prominent northwest pad with significant street frontage, an ideal configuration for a fast-food operator. Positioned with direct visibility along Bear Valley Road, the property can be seen by more than 59,200 vehicles per day, strategically near the high-traffic intersection with Apple Valley Road, offering an added 25,400 daily vehicles. The intersection is home to a robust lineup of national and credit tenants such as The Home Depot, Target, Stater Bros, Lowe’s, and the highly trafficked Jess Ranch Marketplace. The Marketplace ranks in the top 98th percentile of shopping centers nationwide, attracting more than 6.8 million visitors annually with industry-leading tenants such as WinCo Foods, Cinemark, 24 Hour Fitness, Burlington, and Best Buy. This high-traffic environment amplifies the draw for Raising Cane’s and ensures a steady stream of potential customers.
The surrounding area delivers a compelling investment market with desirable demographics when looking within 5 miles of the property. With more than 137,000 residents and 28,900 employees in the region, the area provides an expanding customer base that earns an average household income exceeding $83,800. These affluent residents drive over $1.4 billion in annual consumer spending, providing a solid foundation for continued retail success.
With a long-term, guaranteed lease backed by a top-tier restaurant brand and a prime location in a rapidly developing retail corridor, 19399 Bear Valley Road stands out as a premier, management-free retail investment opportunity.
