The biggest hurdle was the independent landlord and tenant agreeing on a rent commencement date, which was solved through negotiation. The deal closed, but the merger from T-Mobile Sprint put things on hold. Once the merger was figured out, discussions were resumed. The landlord delivered a grey shell with new HVAC and the space had an existing bathroom from a prior tenant. Co-tenants in the center include a Starbucks end cap with a drive-thru, Applebee’s and Juice It Up!. A McDonald’s, Del Taco and Arby’s are also nearby. The NNN-lease has a five-year term with three five-year options.
Tenant: T-Mobile
Location: Yucca Valley, Calif.
Property Type: End-Cap Unit in a Strip Center
Square Footage: 1,300 s.f.
The suburban ruralness of Yucca Valley is what attracted T-Mobile to the city. The end-cap location, size of the space, being in the city’s Starbucks center and the location on the main street were all attractive. The site has excellent visibility to Twentynine Palms Highway’s 28,000 CPD and the average income is $58K within three miles. The site is also near one of the largest U.S. Marine Corp. bases.
Progressive Real Estate Partners: 9471 Haven Ave., Suite 110, Rancho Cucamonga, CA 91730.
Roxanne Klein, Retail Leasing & Sales Specialist, (909) 576 4259. roxy@progressiverep.com
