dd's Discounts & VA Medical Clinic

.Progressive Real Estate Partners is proud to present a prime portion of Victor Town Center – a 100% leased 3-tenant retail investment opportunity in the well established and growing city of Victorville, CA (ranked #13 in SmartAsset’s Top 100 Boomtowns in America). The subject property is leased to a nationwide top 10% performing dd’s Discounts (Ross Stores, Inc.), a state-of-the-art VA Outpatient Clinic (STG International), and a 16-stall Tesla Supercharger station (Tesla, Inc). The property features NNN leases, low replaceable in-place rents averaging just $0.87/SF, highly invested tenants (the VA is estimated to have spent over $2M in tenant improvements)— all of which is offered at a below-replacement cost price of $158/SF. Leases feature 10% increases every 5-years, providing a strong hedge against inflation. Further, the property features a ±3,750 SF partially enclosed former garden center, providing investors the opportunity to capture additional upside by enclosing the area and creating additional leasable space.