57701 29 Palms Hwy.

Yucca Valley, CA 92284

Listing Details

A unique opportunity to own a Rite Aid with 9 years left on the lease with options & increases. That's ideally located on the main thoroughfare to get to Joshua Tree National Park. The buyer can take advantage of the CAP rate of 7.36%. Just before entering one of California's most famous national parks, one must drive through 29 Palms Highway. In 2018, a National Parks Service Report showed that $196 million in economic benefits was used in the local areas surrounding Joshua, which included Yucca Valley.

 
 

Asking: $7,400,000

  • 8 yrs Left w/Options & increases

  • 7.36% Cap Rate

  • Built 2011

  • Ample Parking & Drive Thru