Victorville, CA - CSL Plasma

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN, corporate signed, CSL Plasma, Inc. investment property located in Victorville, California (Inland Empire MSA). The tenant, CSL Plasma, Inc., recently signed a new 15-year lease with options to extend. The lease features rental increases throughout the initial term and FMV increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof and structure making it an ideal, low-management investment opportunity for a passive investor. CSL Plasma, Inc., operates one of the world’s largest and most sophisticated plasma collection networks. Lastly, the offering also includes an outparcel / pad that is approved for Drive-Thru use adding additional value for a potential Buyer (Contact Agent for Details).

The asset is strategically located near the signalized, hard corner intersection of Hesperia Road and Bear Valley Road, which serves a combined 104,000 vehicles per day. Furthermore, the site is located within Victor Valley Town Center, a 239,000 SF community center with notable tenants including Vons, Ross, Petco, Starbucks, and more. Moreover, Victor Valley Town Center is ideally positioned less than 3-miles east of Jess Ranch Market Place, a 505,000 SF power center home to Target, Amazon, Burlington, 24 Hour Fitness, Best Buy, Petsmart, Big 5, and more. Other nearby national/credit tenants include Home Depot, Lowes, Stater Bros, Aldi, Grocery Outlet, Walgreens, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. In Addition, the subject is within walking distance from Victor Valley College (12,892 students), further increasing consumer traffic to the subject trade area. Lastly, the asset is within close proximity to multiple apartment complexes including the Wimbledon Apartments (288 units) and the Andalusia Luxury Apartments (168 units), providing a direct residential consumer base from which to draw. The asset is ideally located near the future Brightline West train station, the 300-acre campus is projected is expected to bring in more than 10,000 jobs and the railway will offer passengers the luxury of traveling from Apple Valley to Las Vegas in about 90 minutes. The 5-mile subject trade area is supported by more than 185,000 residents and 49,000 daytime employees. Residents within a 3-mile radius earn an average household income of more than $88,000.