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Black Bear Diner

$2,400,000

57084 29 Palms Highway, Yucca Valley, CA 92284

Active
Last Updated: 03/18/2025

6

Cap Rate

144,000

NOI

Details:
Cap Rate:    6%
NOI:    $144,000
Building Size:    6,085 sqft
Lot Area:    1.21 sqft
Lease Type:    Absolute Net
Tenancy:    Single
Year Last Renovated:    2022
Highlights:
  • 15-year absolute net lease with 10% rent increases every 5 years
  • Sub 6% rent to sales ratio
  • Replaceable rent – $23.66/SF
  • The subject property is ideally located on 29 Palms Highway just 10 miles from Joshua Tree National Park – one of the most famous national park sites in the country
  • Yucca Valley Airport and nearby Twentynine Palms Airport funnel Joshua Tree tourists to the numerous hotels/rental properties in Yucca Valley and surrounding towns
  • Nearby national retailers also located along 29 Palms Highway driving traffic to the area include Amazon, Walmart, Grocery Outlet, ALDI, and Tractor Supply Co
Description:

An absolute NNN Black Bear Diner with 15 years remaining in the primary term of the lease which features 10% rental increases every 5 years and three, 5-year options to extend the lease term. The subject property is located 10 miles from Joshua Tree National Park – 3,000,000+ annual visitors (see Page 16).

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Documents:
Title
BlackBearDiner_YuccaValleyCA.pdf
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