Cap Rate
5%
Year Built
2024
Leasable Area
2,250 SF
Term Remaining
±9.5 YRS
NOI
$126,000
Property Type
Retail
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- World Renowned Brand – Dairy Queen first opened in 1940 and now has 7,000+ locations in over 20 countries.
- New Construction – The Dairy Queen Grill & Chill model was built in 2024 benefiting investors by owning the most up to date prototype within the Dairy Queen system.
- New Local Retail and Industrial Growth – Hesperia has seen an increase in retail and industrial development with a significant milestone of Amazon announcing a $161 Million investment for a 2.5 million square foot warehouse, and Maersk, a global logistics and container shipping leader, choosing to operate in a newly developed facility spanning over 1.2 million square footage furthering economic growth and job opportunities. Additionally, Sam’s Club has acquired a 6.50 acre property in Hesperia and will be the first one in the Mojave River Valley illustrating the continued appeal for job creation and services.
- Engaged Local Government – The City of Hesperia approved a $3.2 million rehabilitation contract to repair approximately 23 miles of streets throughout the city. This benefits investors by owning in a jurisdiction committed to the infrastructure of the community.
- Dense Southern California Population – The site sits within a 10-mile radius of approximately 377,000 residents illustrating the need for food services.
- Exceptional Local Retail – the location is well located nearby many national retailers such as Home Depot, Lowe’s, Sprouts, Walmart Supercenter, El Super, Vallarta, Kohls, Best Buy, Tommy’s Express Car Wash, O’Reilly Auto Parts, Super Star Carwash, Jiffy Lube, American Tire Depot, Arby’s, Dunkin’ Donuts, Starbucks, Dutch Bros, Panda Express, KFC, McDonald’s, Rosa Maria’s Mexican Food, Popeyes, Carl’s Jr, Chick-fil -A, El Pollo Loco, Wendy’s, Jack in the Box, Chili’s, Sonic Drive-In, and Panera Bread. Additionally, the site is down the road from The Mall of Victor Valley home to national retailers such as Macy’s, JCPenney, Barnes & Noble, and DICK’s Sporting Goods to name a few.
Broker of Record
- David Harrington
- License No. 02168060 (CA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245