Escondido Plaza Shops — Sale in Hesperia, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Hesperia, CA 92345
  • Year built: 2017

Photos

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Investment Figures

Cap rate
5.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale Escondido Plaza Shops in Hesperia, CA, 100 percent leased by T-Mobile, Marco's Pizza, and Western Dental. Hesperia is a growing city in San Bernardino County, California, located in the High Desert region of the Mojave Desert. The city lies roughly 35 miles north of San Bernardino, 40 miles from Ontario, and 75 miles northeast of Los Angeles, giving residents access to major employment centers while maintaining a more affordable suburban lifestyle. Investment Highlights: • 100 Percent Leased to a Diverse Mix of Tenants: T-Mobile, Marco's Pizza, and Western Dental • All NNN, ±10-Year Leases with Regularly-Occurring Rental Increases • Located within Escondido Plaza Shopping Center, Shadow-Anchored by ALDI and Directly Across from a Super Walmart-Anchored Power Center • Excellent Frontage Along Main Street in Hesperia's Primary Retail Thoroughfare, Accessible by ±32,000 Cars per Day • Growing Trade Area with 130,673 Residents within a Five-Mile Radius • Average Household Income Exceeds $102,000 in the Immediate Area • Prime Location Just Off Interstate 15, One of Southern California's Primary North-South Transportation Corridors • Adjacent to the Future Location of Brightline West, America's First High-Speed Rail System that Will Connect Las Vegas to Southern California - Subject Property is Two Miles from the Hesperia Station

Market Context

This retail in Hesperia, CA is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2017. Compare it against other retail listings for sale in Hesperia, CA — view the full market.

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