Shops at Topaz

Shops at Topaz | Hesperia, CA

14073 Main Street, Hesperia, CA 92345

Description

Marcus & Millichap as exclusive advisor is pleased to present the opportunity to acquire Shops at Topaz, a 29,988 square foot, 99 Cent Store anchored retail shopping center located in Hesperia, California. This 2007 built center is currently 96% occupied by mixture of national, regional and local tenants on NNN leases. The seller will guarantee lease on 1 vacant space just became available for up to one year. The tenants are comprised of 99 Cent Store as the anchor, Cash Advance, Little Caesars Pizza, Sushi Restaraunt, Smoke Shop, Dentist, Yogurt Shop and SAT Tutor, Etc.

Retail Property

Price: $

Gross Leasable Area: 29,962 SF

Price/SF: $

Property Type: Retail

Property Sub-type: Strip Center

Property Use Type: Net Lease Investment with 5 years left on lease

Commission Split:

Cap Rate: 7%

Occupancy: 96%

No. Stories: 1

Tenancy: Multiple

Year Built: 2007

Lot Size: 3.21 AC

Listing ID: 19462279

Last Updated: 17 days ago

Location Description

Taco Bell and US Bank are located in the center outparcel which are not a part of this offering.

The center is located just off Highway 15 on major thoroughfare, surrounded by many residential housings and approximately 22,000 residental development is planned just 1 mile north of this center.

This retail shopping center presents an opportunity to investors looking to achieve a high CAP rate with great mixture of national and regional tenants with potential to grow the asset with growing population in the surrounding area.