Main Street, Hesperia, California 92345

Listed By On the House Realty & Lending

The Retail Property for Sale located at Hesperia, California 92345 is currently for sale. Hesperia, California 92345 is listed for $5,872,210. If the property located at Hesperia, California 92345 isn't what you're looking for, visit https://devadmindomaintest1.xomio.com to see other Retail Properties for Sale in Hesperia .

Date Updated : Mar 7, 2025

MLS#: 374036466

$5,872,210 USD

  • Minimum sellable space
    1,346 m² (14,490 ft²)
The details

Property features

Construction details

  • Year built: 2006

Area

  • Property size: 1,346 m² (14,490 ft²)
  • Land/Lot size: 4,838 m² (52,078 ft²)

Description

Prime Investment Opportunity: Secure an investment in this Retail property with Walgreens (NASDAQ: WBA) boasting an Investment Grade Credit Rating of "BBB" by Standard & Poor's. Lucrative Returns: With 2024 annual revenues surpassing $147 Billion, up over 6% from the previous year, and the tenant operating at this location for 20 years, this property presents a compelling opportunity for investors seeking a stable and high ROI potential. Added Value: Benefit from the convenience of a drive-thru pharmacy on-site, enhancing the property's appeal and further solidifying its position as a lucrative investment in the competitive retail sector. Zero landlord responsibility with absolute Triple Net lease. Lucrative investment opportunity with the tenant responsible for all NNN fees, including property taxes and insurance, ensuring a hassle-free income stream for investors. With a 75-year lease that began in February 2006, stability and long-term returns are at the core of this enticing offering. The lease has ten separate 5-year termination options with the first termination option on January 31, 2031.

Location

Hesperia, California 92345
Map preview
Courtesy of Eric Ault On the House Realty & Lending

Listing Contact: 951-545-7339

Equal Housing Opportunity

All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.