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14075 Main Street
Hesperia, CA 92345

Price: $3,475,000 Zoning: NC
Bldg SF: 3,577 SF Price/SF: $971.48
Land SF: 30,056 SF CAP Rate: 5.25%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Steven Schechter
(818) 212-2793
steven.schechter@marcusmillichap.com
License # 01089464


Vaughn Brown
(818) 212-2718
vaughn.brown@marcusmillichap.com
License # 01955613

Address: 14075 Main Street, Hesperia, CA 92345
Price: $3,475,000
Bldg SF: 3,577 SF
Land SF: 30,056  SF
CAP Rate: 5.25%
Price/SF: $971.48
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Steven Schechter
(818) 212-2793
steven.schechter@marcusmillichap.com
License # 01089464


Vaughn Brown
(818) 212-2718
vaughn.brown@marcusmillichap.com
License # 01955613

Investment Highlights

• Signalized Hard Corner | Traffic Counts Exceeding 37,000 Cars Per Day

• Dominant Shopping Center in Trade Area | Outparcel to the Shops at Topaz with 99 Cents Only as Anchor

• Corporate Guaranteed Lease | Strong National Credit Tenant | US Bank (A+ Rated by S&P Rating)

• Long-Term Lease with Rare 5% Rent Increases Every Two Years

• Rare Southern California Net-Lease Investment Opportunity | Drive-Thru Concept/Prototype Location

• Dense Demographics | 128,000 Households Supported by more than 28,000 Daytime Employees Within 3 Miles

• Over 22,000 Planned Homes to be Built over the Next 10 Years Within Five Miles of the Subject Property, including the Approved Tapestry Project, a 16,000-Home Master-Planned Community that will Sit on over 9,300 Acres of Land

• The Population of Hesperia has Grown more than 10% since 2010 and 60% since 2000. The City noted a 35% Increase in Single Family Residential Permits Between 2000 and 2015