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3/23/26
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Victor Town Center, a three-tenant, 47.7k sf net-leased retail property in Victorville, sold for $7 mil ($147/sf). The property sits on 5.32 acres at 14598 7th St, at La Paz Dr, just east of I-15.
Tenants at the center include dd’s DISCOUNTS (a division of Ross Stores, an S&P 500 and Fortune 500 company), a Department of Veterans Affairs Outpatient Clinic and a 16 stall Tesla Supercharger station, creating a diversified, e commerce resistant income stream within a junior box-anchored retail property.
The property is situated along a high traffic retail corridor surrounded by nationally top performing retailers, including Costco (top 5% nationwide), AutoZone (top 1%), McDonald’s (top 3%) and In Shape Health Club (top 4%). The immediate intersection has experienced significant recent investment with the addition of Superior Grocers, Harbor Freight and Western Dental, strengthening the surrounding tenant mix and consumer draw.
More than $600,000 in recent capital improvements were completed, including new roofing systems, LED parking lot lighting and a resurfaced parking lot. Positioned along 7th St and La Paz Dr with approximately 24,280 vehicles per day and less than 0.4 miles from Interstate 15, the site benefits from strong visibility and regional accessibility. Victorville ranks #13 on SmartAsset’s list of Top 100 Boomtowns in America and serves as the primary commercial hub for the 600k+ residents of the Victor Valley.
Hanley Investment Group’s Vice President Ayda Kach and Senior Vice President Sean Cox, and Progressive Real Estate Partners’ Greg Bedell, CCIM, Senior Vice President and Managing Director, represented the seller, PacWest Management Inc, a privately held retail real estate investment firm and developer based in Los Angeles. The buyer, an all cash private investor from Los Angeles, represented themselves.
“The VA’s early 20 year renewal and dd’s DISCOUNTS’ option exercise underscore the strength of the location and the durability of the income stream in one of the High Desert’s top performing retail corridors,” said Bedell. “These long term commitments provide meaningful rent growth and stability, while the Tesla Supercharger station adds a modern traffic driver that reinforces the site’s long term relevance.”
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