Investment Highlights
NNN Leases ? 100% leased to NNN tenants responsible for the payment of Common Area Costs, Property Taxes, and Insurance.
Signalized Intersection ? Signalized intersection along Bear Valley Road ensures easy access for both eastbound and westbound traffic.
Strategic East-West Corridor - Bear Valley Road facilitates travel between Adelanto, Victorville, Hesperia, and Apple Valley.
Long Term Leases ? Long-term expirations minimizing near-term leasing responsibilities and associated capital costs.
High Traffic Location ? Positioned on Bear Valley Road (?43,755 CPD) and adjacent to the I-15 freeway (?105,000 CPD), providing maximum exposure.
Retail Synergy ? Surrounding retailers include Kohl's, Walmart, Lowe's, Best Buy, JC Penny, Macy's, Dick's Sporting Goods, and more.
Executive Summary
Progressive Real Estate Partners is pleased to present the opportunity to acquire Victorville Pavilion West- a 100% leased retail center positioned in one of Victorville?s prominent retail trade areas, adjacent to The Mall of Victor Valley. This ?16,558 square foot center is leased to four service-oriented tenants, each under Triple Net (NNN) lease structures extending to 2026 through 2033. Investors are poised to benefit from a diversified income stream, with minimal risk of near-term leasing responsibilities and associated capital costs. The leases incorporate embedded annual rent increases of 3%, providing a built-in hedge against inflation. The property's location along Bear Valley Road (?43,755 CPD) and its proximity?less than one-half mile?to the I-15 freeway (?105,000 CPD) offer optimal access to the Victor Valley region, connecting Adelanto, Victorville, Hesperia, and Apple Valley.
