55690 - 55696 29 Palms Hwy, Yucca Valley, CA for sale

Investment Overview

The property consists of a 4875 SF building on 20,000 SF of land on a corner lot on State Highway 62, the main throughfare in Yucca Valley. The building has two tenants; each have been there for more than 10 years. There is an abundance of parking onsite as well as on each of the adjacent streets. The rental rates are below the rents in the area.

Investment Highlights

• Each of the tenants have occupied their suite for more than 10 years
• Each of the tenants have 5 years or more remaining on their lease
• Each of the leases have 3% annual rent increases
• The major tenant pays for water, gardening and trash
• The tenants are both service tenants
• 5 cars /1000 SF parking on a concrete parking lot
• Approximately 24,000 cars per day traffic count on a corner lot on a State Highway