Hesperia Retail for Sale - Mojave River Valley
Pegasus Investments Real Estate Advisory Inc., as exclusive advisor to the Seller, is pleased to present the opportunity to acquire a brand-new Crunch Fitness located in Hesperia, California (the “Property”). The Property is positioned as an anchor tenant within Midtown Square, a high-performing power center at the signalized intersection of Main Street and C avenue, which experiences traffic counts exceeding 40,000 vehicles daily. The center features a top 12% Stater Bros. Market Nationally (Ranked 20 / 165 per Placer.Ai) and a strong lineup of national tenants, including U.S. Bank, KFC, Jamba Juice, and a newly constructed Quick Quack Car Wash.
The Property is secured by a new 15-year lease with Fitness Ventures, one of the largest franchisees in the Crunch Fitness system, operating 49 locations across 27 states. The lease features 10% rental increases every five years throughout the base term, along with two five-year extension options that include above-market 12.5% rent escalations, providing investors with built-in rent growth and a hedge against inflation. Additionally, the lease is backed by an absolute and unconditional guaranty from the franchisee, reinforcing the investment’s secure profile.
Crunch Fitness is nationally recognized as a high-value, low-price (HVLP) fitness operator with a successful expansion strategy. The brand opened 61 new locations in 2024, 91 in 2025, and is planning to reach 100 new clubs this year. The Property features the company’s next generation “Crunch 3.0” design, introduced to celebrate surpassing 3,000,000 members systemwide. Recognized on the 2025 Inc. 5000 list of America’s fastest-growing companies, Crunch Fitness represents an ideal tenant with strong brand momentum and long-term viability.
Hesperia has evolved from a small desert community into a rapidly growing city with a population exceeding 100,000 residents and projections to surpass 175,000 by 2030 (according to Hesperiaca.gov). This growth is exemplified by the Silverwood master-planned community, a 9,366-acre site expected to deliver more than 15,600 homes and generate a multi-billion-dollar economic impact on Hesperia. The city is also benefiting from major infrastructure investments, including I-15 express lanes and the Brightline West high-speed rail station, further solidifying Hesperia’s role as a key transit corridor between Southern California and Las Vegas.
With a brand-new 15-year lease, an absolute guaranty from a leading franchisee, above-market rent growth, and a strategic location adjacent to one of Southern California’s largest master-planned developments, this offering represents a best-in-class net lease investment in a high-growth market supported by significant infrastructure development and long-term economic drivers.
