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56945 29 Palms Hwy, Yucca Valley, CA 92284
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56945 29 Palms Hwy Yucca Valley, CA 92284

$1,799,000
  • -- Beds
  • -- Baths
  • 2,960 Sq.Ft.
For Sale
$1,799,000 Get Pre-Qualified
Map preview of 56945 29 Palms Hwy, Yucca Valley, CA 92284

Property Overview: 56945 29 Palms Hwy Yucca Valley, CA has -- bedrooms, -- bathrooms, 2,960 living square feet and 30,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRICED TO SELL!! The property features an approximately ±2,960 square foot drive-thru building on an approximately ±29,185 SF legal parcel, leased to the largest Southern California KFC/Taco Bell Franchisee (70 units). Strategically located at the corner signalized intersection of 29 Palms Highway and Sage Ave, the property benefits from excellent traffic exposure of a combined approximately ±39,660 vehicles per day. Great visibility and convenient access at this prized location shows additional value for this low-price drive-thru investment. The subject property was built in 1985 and Tenant recently completed a full scale remodel (at Tenant’s cost) of the property in 2020, modernizing the building to the latest American Showroom design. The current lease term expires as of August 31, 2024 and Tenant has four (4) five (5) year options to extend. KFC’s historical ±35 years historical occupancy at the property as well as the substantial recent remodel demonstrates an excellent track record and Tenant’s continued commitment. Located on the busy 29 Palms Highway (U.S. State Route 62), this site is positioned along the primary arterial connecting I-10 to all the cities and towns in the Morongo Basin. The site further benefits from both its immediate proximity to Joshua Tree National Park 10-minutes away, and the Marine Corps Air Ground Combat Center (MCAGCC), also known as 29 Palms, which is the largest United States Marine Corps base on 998 square miles. Joshua Tree reported ±2,998,989 visitors in 2019 and MCAGCC has an average troop base population of 29,000, further supplementing the restaurant customer base.

Listed by Justin Tye | BRE #01728694 | Real Broker
Last checked: 11 minutes ago | Last updated: March 7th, 2024 | Source CRMLS | DOM: 141
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Home details

Lot Sq. Ft
30,000
HOA Dues
$0/mo
Year built
1985
Garage
--
Property Type:
Retail
Status
Active
MLS#
OC24007781
City
Yucca Valley
County
San Bernardino
Time on Site
157 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $79,428
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 56945 29 Palms Hwy

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 0595312030000
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Exit 62 highway, right on sage, left on yucca trail, destination is on the left
View more facts & features

Local Yucca Valley Agent

Sale History for 56945 29 Palms Hwy

Last sold for $1,525,000 on November 30th, 2020

  • January, 2024

  • Jan 12, 2024

    Date

    Active

    CRMLS: OC24007785

    $8,000

    Price

  • Listing provided courtesy of CRMLS

    The property features an approximately ±2,960 square foot drive-thru building on an approximately ±29,185 SF legal parcel, leased to the largest Southern California KFC/Taco Bell Franchisee (70 units). Strategically located at the corner signalized intersection of 29 Palms Highway and Sage Ave, the property benefits from excellent traffic exposure of a combined approximately ±39,660 vehicles per day. Great visibility and convenient access at this prized location shows additional value for this low-price drive-thru investment. The subject property was built in 1985 and Tenant recently completed a full scale remodel (at Tenant’s cost) of the property in 2020, modernizing the building to the latest American Showroom design. The current lease term expires as of August 31, 2024 and Tenant has four (4) five (5) year options to extend. KFC’s historical ±35 years historical occupancy at the property as well as the substantial recent remodel demonstrates an excellent track record and Tenant’s continued commitment. Located on the busy 29 Palms Highway (U.S. State Route 62), this site is positioned along the primary arterial connecting I-10 to all the cities and towns in the Morongo Basin. The site further benefits from both its immediate proximity to Joshua Tree National Park 10-minutes away, and the Marine Corps Air Ground Combat Center (MCAGCC), also known as 29 Palms, which is the largest United States Marine Corps base on 998 square miles. Joshua Tree reported ±2,998,989 visitors in 2019 and MCAGCC has an average troop base population of 29,000, further supplementing the restaurant customer base.

  • January, 2024

  • Jan 12, 2024

    Date

    Active

    CRMLS: OC24007781

    $2,100,000

    Price

  • November, 2020

  • Nov 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,525,000

    Price

Show More

Tax History for 56945 29 Palms Hwy

Assessed Value (2020): $727,893
Year Land Value Improved Value Assessed Value
2020 $288,617 $439,276 $727,893

Home Value Compared to the Market

This property vs the competition

56945 29 Palms Hwy is listed 299.78% higher than the median list price for the city of Yucca Valley which has a median list price of $450,000. The median price per/sqft for Yucca Valley is $292 and this home is listed at $607.77 per/sqft which puts the price per square foot 108.14% higher than the median price per square foot for the city of Yucca Valley.

About 56945 29 Palms Hwy

Detailed summary of property

56945 29 Palms Hwy is a retail located in Yucca Valley, CA 92284 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 2,960 living square feet, and sits on an approximately 30,000 square foot lot. 56945 29 Palms Hwy was first listed on ArdentRealEstateGroup.com on January 13, 2024. The homeowner is currently asking $1,799,000 and was originally asking $2,100,000. The median priced home in Yucca Valley is $450,000 with a median price per square foot of $292. Based on Ardent Real Estate Group's Yucca Valley Market Data, this home is listed 299.78% higher than the median priced home. Local competing homes currently for sale include 4729 Whittier Blvd, 2635 Whittier Blvd and 530 E 4th St. While the average home in Yucca Valley, CA is selling in 89 days, 56945 29 Palms Hwy has a days on market of 141 days. There are currently 300 homes for sale in the Yucca Valley real estate market and 299 of them are single family homes while 1 of them are condos and 0 are townhomes. For more information on this home for sale at 56945 29 Palms Hwy Yucca Valley, CA 92284 contact Ardent Real Estate Group and we will put you in touch with one of our Yucca Valley agents.

Public Facts for 56945 29 Palms Hwy

Public county record property details
Beds
--
Baths
--
Year built
1985
Sq. Ft.
2,766
Lot Size
30,000
Stories
--
Type
Fast Food Restaurant / Drive-Thru
Pool
No
Spa
No
County
San Bernardino
Lot#
9
APN
0595-312-03-0000

The source for these homes facts are from public records.

92284 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$450,000
Median List Price/Sq.Ft.
$292
Median Sold Price
$410,000
Median Sold Price/Sq.Ft.
$262
Total Inventory
300
Median Sale to List Price %
97.85%
Avg Days on Market
45
Loan Type
Conventional (38.1%), FHA (16.67%), VA (11.9%), Cash (21.43%), Other (9.52%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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