Commercial Sale - Victorville, CA
We are pleased to offer for sale the fee simple interest (land & building) of Liberty Village Center, a well maintained, 94 % occupied neighborhood shopping center, shadow anchored by Rite-Aid Pharmacy and Stater Bros Supermarket, located in Victorville, CA. The tenants of Liberty Village Center consist food, retail and service providers, including Metro PCS, Little Caesar's Pizza, Baja Taco, Amber's Dry-Cleaning, My Lady Nail, Mail Master+, Smoke Shop, Royal Tax, Cash 4 Gold, Family Cuts, Liberty Dental, Shoe Store, Hanabi Sushi, T-Shirt and a Wells Fargo ATM. The ideal tenant mix consists of essential "daily needs" and convenience oriented retailers. The combination of under market rents and gross leases provide a realistic value-add opportunity when existing rents are taken to market levels. Profit potential through break up strategy as property is separately parceled. The subject property is strategically located at the signalized hard corner intersection of Bear Valley Road and Amethyst Road (51,375 combined vehicles per day and one mile from Interstate 15 (100,250 VPD). Bear Valley Road is a major East-West corridor with many national tenants creating strong tenant synergy and crossover foot traffic. It is located within close proximity to The Mall of Victor Valley, home to many national tenants including Sears, Dick's Sporting Goods, JC Penny, Cinemark, & Macy's. 63% of income stream has been in place for more than 10 years.