CRACKER BARREL at Restaurant Row in Victorville - OFFERING MEMORANDUM - LoopNet
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CRACKER BARREL
at Restaurant Row in Victorville
A CORP ORAT E GROU ND LEA S E INVEST MEN T I N SOU TH ER N CA L I FOR N I A
OFFERING MEMORANDUM
CRACKER BARREL
NON-ENDORSEMENT
& DISCLAIMER NOTICE
at Restaurant Row in Victorville
CON FID EN T IA LITY & DISC L A IMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is
intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made
available to any other person or entity without the written consent of Marcus & Millichap. This Marketing
Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to EXCLUSIVELY LISTED BY
establish only a preliminary level of interest in the subject property. The information contained herein is not
a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or rep-
resentation, with respect to the income or expenses for the subject property, the future projected financial
performance of the property, the size and square footage of the property and improvements, the presence
or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regula-
PAUL A. BITONTI
tions, the physical condition of the improvements thereon, or the financial condition or business prospects First Vice President Investment
of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The in-
formation contained in this Marketing Brochure has been obtained from sources we believe to be reliable; Newport Beach, California
however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein,
nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty Office (949) 419 - 3246
or representation whatsoever regarding the accuracy or completeness of the information provided. All
potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Mobile (714) 267 - 8582
Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2017 Marcus & Millichap. All rights reserved.
Paul.Bitonti@marcusmillichap.com
License CA 01325076
N ON - EN D O RSEMENT NOTIC E
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee
identified in this
marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply
affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates
or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely
included for the purpose of providing tenant lessee
information about this listing to prospective customers.
A LL P ROP ERTY S H O W I N G S AR E B Y AP P O I N TM E N T O N LY.
PL EA S E CONS U LT YO U R M AR C U S & M I L L ICH AP AGE N T F O R M O RE D E TAI L S.
O F F I C E S N AT I O N W I D E A N D T H R O U G H O U T C A N A DA
WWW.MARCUSMILLICHAP.COM
CRACKER BARREL
at Restaurant Row in Victorville
TABLE OF CONTENTS
01 EXECUTIVE SUMMARY
SECTION 1
Investment Overview • Investment Highlights 23 COMPETITIVE COMPARABLES
SECTION 4
Sales Comparables • Rent Comparables
07 PROPERTY DESCRIPTION
SECTION 2
Property Details • Regional Map • Property Photos 33 MARKET OVERVIEW
SECTION 5
Location Overview • Location Highlights
Market Aerial • Demographics
15 FINANCIAL ANALYSIS
SECTION 3
Pricing Details • Operating Data • Rent Roll
EXCLUSIVELY LISTED BY:
S U M M A R Y
EXECUTIVE
E X E C U T I V E
CRACKER BARREL
Victorville
SUMMARY
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V i c t o r v i l l e
-
B a r r e l
C r a c k e r
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of
the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus
& Millichap ACT ID Z0000000
1
OFFERING SUMMARY The investment provides annual rent growth with increasing cash flow and yield, protecting against inflation with a
diversified base of strong restaurant tenants.
The Victor Valley includes the communities of Adelanto, Apple Valley, Hesperia, Lucerne Valley, Oak Hills, Phelan, Victorville
Marcus and Millichap has been selected to exclusively represent the sale of Restaurant Row in Victorville, California, a
and Wrightwood. Victorville is the business hub of the area and draws consumers from well beyond its immediate area. It
portfolio of category leading national and regional restaurants. The subject property consists of newly constructed
is the largest commercial center between San Bernardino and the Nevada border. The city of Victorville is home to a large
C r a c k e r
prototypical Cracker Barrel restaurant consisting of 9,113 square feet sitting on an approximate 2.2 acre parcel of land.
S U M M A R Y
and diverse pool of workers and is home to 34 universities, colleges and technical schools providing an abundant supply
The building was tastefully constructed with all of the rustic features Cracker Barrel Old Country Store restaurants are
of skilled labor. Victorville has experienced tremendous growth over the last decade with the population increasing over
well known for, covered front porch with rocking chairs, brown paneled siding, metal roof and authentic Americana
117% since 2000. The population continues to grow with projections of additional 20% growth over the next five years.
B a r r e l
antiques. The offering is a 15 year corporate ground lease ( fee interest ), with publicly traded Cracker Barrel restaurant
Current population is 133,790 people in a 5 mile radius with an average household income of $76,267 within 1 mile of
E X E C U T I V E
(Nasdaq:CBRL) with 10% rent increases every 5 years. This is southern California’s first Cracker Barrel and the grand
the property.
opening was an overwhelming success that generated a tremendous wait from loyal Cracker Barrel patrons. Cracker
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Barrel has a cult following throughout the country and this location is well positioned along Amorgosa Road and
V i c t o r v i l l e
the I-15 freeway. Cracker Barrel Old Country Store, Inc. was established in 1969 in Lebanon, Tennessee. There are
currently 640 locations throughout the U.S.
//
The real estate is well positioned in the trade located adjacent to the I-15 Freeway and Bear Valley Road on and off
V i c t o r v i l l e
ramps. Fronting both Amargosa Road and the I-15 freeway the property has excellent identity and traffic exposure.
//
Traffic counts exceed 98,000 cars per day on the I-15 and 52,000 cars at Bear Valley and I-15. The location is prime in
E X E C U T I V E
the trade area as evidenced by the new development that includes a new 75 room Wyndham Hotel and resort, Super
Walmart, Kohl’s and Home Goods, TJ Max, 24 Hour Fitness currently under construction at the site. Additionally, a
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proposed 128 bed trauma center, medical office building, physician village, day care, spiritual care development with
B a r r e l
a hotel has been approved with all entitlements. This project is comprised of 98 acres along Amargosa Road between
Bear Valley and Main Street just 2.8 miles from the subject property. The project part is of the St. Joseph / St. Mary
S U M M A R Y
C r a c k e r
Healthcare system.
Restaurant Row is a synergistic mix of restaurants consisting of Starbucks Coffee, nectar juice bar, Which Wich
Sandwiches, Pieology Pizza, Ono Hawaiian Barbeque, Café Rio Mexican Grill, Habit Burger and Bj’s Pizza. Access
points and drive aisles provide excellent ingress and egress from the Wyndham, Walmart and Kohl’s for easy access
to all of the restaurants. 76% of the leasable area (4 of 6 tenants) have corporate signature absolute net leases. The
remaining two tenants are strong franchisees with excellent operational histories and personal rent guarantees.
2 3
NNN Leases
with Annual Rent
C r a c k e r
Growth
S U M M A R Y
B a r r e l
E X E C U T I V E
Excellent Location,
Explosive Trade
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Area
V i c t o r v i l l e
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V i c t o r v i l l e
INVESTMENT HIGHLIGHTS Tremendous
//
Demographic
E X E C U T I V E
►► Victorville, California Restaurant Row Growth.
Diverse and
►► Brand New Construction Cracker Barrel Restaurant Experienced pool
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of Workers
B a r r e l
►► Publicly Traded (NASDAQ:CBRL) Corporate Guaranty
►► 15 Year Fee Interest Ground Lease
S U M M A R Y
10% Rent Increases Every 5 Years
C r a c k e r
►►
►► Most Secure Form of Ownership
►► Explosive Trade Area Growth 98,000 Cars
Per Day on I-15.
►► Average Household Income $76,267 52,000 Cars
1 Mile Radius Per Day on
Bear Valley Rd
4 5
D E S C R I P T I O N
PROPERTY
P R O P E R T Y
CRACKER BARREL
Victorville
DESCRIPTION
//
V i c t o r v i l l e
-
B a r r e l
C r a c k e r
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of
the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus
& Millichap ACT ID Z0000000
7
PROPERTY DETAILS
11612 Amargosa Road,
Address:
Victorville, California 92392
C r a c k e r
D E S C R I P T I O N
APN 3072-251-22
Price: $5,795,000
Cracker Barrel - Victorville
B a r r e l
Buildings 1
P R O P E R T Y
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V i c t o r v i l l e
Price Per Square Foot: $635.90
GLA 9,113 SF
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V i c t o r v i l l e
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CAP Rate 4.05%
P R O P E R T Y
Year Built 2017
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B a r r e l
Lot Size 2.22 AC
D E S C R I P T I O N
C r a c k e r
Occupancy 100.00%
Net Operating Income $235,000.00
8 10 9
C r a c k e r
D E S C R I P T I O N
B a r r e l
Dunia Center
P R O P E R T Y
Coming Soon
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V i c t o r v i l l e
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V i c t o r v i l l e
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P R O P E R T Y
AREA AMENITIES
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The immediate trade area includes strong National and Regional tenants such as a Walmart Super-
B a r r e l
center, Kohl’s, Lowe’s, Michaels, Staples, BestBuy and a variety of casual dining tenants.
D E S C R I P T I O N
A multi-tenant shopping center is coming soon between Kohl’s and Walmart, steps from the Subject
C r a c k e r
Property, that will house multiple businesses, including a 24H Fitness, TJ Maxx and HomeGoods.
Hawthorn Suites by
The ever-increasing retail choices make Victorville the place to shop and dine in the High Desert. The Wyndham Victorville
city has become The Retail Center in the region. a 75-bed Hotel with on-site Spa, swimming
Victorville is attracting new manufacturing businesses and major retailers that will translate into jobs pool , fitness and business center.
and a strengthened economy as the city continues to invest in infrastructure and the community.
Cracker Barrel - Victorville
10 1112 P R O P E R T Y N A M E H E R E // P R O P E R T Y D E S C R I P T I O N
Y S I S
L AA LNY AS LI S
FINANCIAL
F// I N FA I NN CA I NA CL I A N
CRACKER BARREL
Victorville
ANALYSIS
O rP EB Ra Tr Y
k e
C r a Pc R E rR vE i l l //e
l A- MV Ei c Ht o
r eN
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of
the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus
& Millichap ACT ID Z0000000
17
15ANNUAL RENT INCREASE ANNUAL CASH FLOW
THE OFFERING ANNUALIZED OPERATING DATA
Property Cracker Barrel INCOME
Property Address 11612 Amargosa Road, Current Net Operating Income $235,000.00
Victorville, California 92392
Price $5,795,000 RENT SCHEDULE
Capitalization Rate 4.05% YEAR ANNUAL RENT MONTLY RENT ANNUAL RENT / SF
Price/SF $635.90 7/31/2017 7/30/2018 $235,000.00 $19,583.33 $25.79
7/31/2018 7/30/2019 $235,000.00 $19,583.33 $25.79
PROPERTY DESCRIPTION 7/31/2019 7/30/2020 $235,000.00 $19,583.33 $25.79
Year Built 2017 7/31/2020 7/30/2021 $235,000.00 $19,583.33 $25.79
Gross Leasable Area 9,113 SF 7/31/2021 7/30/2022 $235,000.00 $19,583.33 $25.79
Zoning Commercial 7/31/2022 7/30/2023 $258,500.00 $21,541.67 $28.37
Type of Ownership Fee Simple 7/31/2023 7/30/2024 $258,500.00 $21,541.67 $28.37
7/31/2024 7/30/2025 $258,500.00 $21,541.67 $28.37
LEASE SUMMARY 7/31/2025 7/30/2026 $258,500.00 $21,541.67 $28.37
Property Subtype Net Leased Restaurant 7/31/2026 7/30/2027 $258,500.00 $21,541.67 $28.37
Tenant Cracker Barrel 7/31/2027 7/30/2028 $284,350.00 $23,695.83 $31.20
Rent Increases Base Term and Option Terms 7/31/2028 7/30/2029 $284,350.00 $23,695.83 $31.20
Guarantor Corporate Guarantee 7/31/2029 7/30/2030 $284,350.00 $23,695.83 $31.20
Lease Type NNN 7/31/2030 7/30/2031 $284,350.00 $23,695.83 $31.20
Lease Commencement 7/31/2017 7/31/2031 7/30/2032 $284,350.00 $23,695.83 $31.20
Lease Expiration 7/30/2032
*7/31/2032 7/30/2037 $312,785.00 $26,065.42 $34.32
Lease Term 15 Years
Terms Remaining on Lease 13.5 Years
*7/31/2037 7/30/2042 $344,063.50 $28,671.96 $37.76
Renewal Options 3 (5-year) Options
Landlord Responsibility None
*7/31/2042 7/30/2047 $378,469.85 $31,539.15 $41.53
Tenant Responsibility Taxes, Maintenance, Insurance
Right of First Refusal/Offer None * Option Terms
16 17TENANT SUMMARY
Tenant Name Cracker Barrel
Lease Commencement 7/31/2017
Lease Expiration 7/30/2032
Gross Leasable Area 9,113 SF
Option Term 3 (5-year)
Pro Rata Share of Project 100%
Headquartered Lebanon, Tennessee, United States
No. of Locations 640
Website www.crackerbarrel.com
Tenant Trade Name Cracker Barrel Old Country Store
Ownership Public
Stock Symbol NASDAQ: CBRL
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL), estab-
lished in 1969 in Lebanon, Tenn., provides a friendly home-away-
from-home in its old country stores and restaurants. Guests are
cared for like family while relaxing and enjoying real home-style
food and shopping that’s surprisingly unique, genuinely fun and
reminiscent of America’s country heritage…all at a fair price. The
restaurants serve up delicious, home-style country food such as
meatloaf and homemade chicken n’ dumplins as well as our signa-
ture biscuits using an old family recipe. The authentic old country
retail store is fun to shop and offers unique gifts and self-indul-
gences. Cracker Barrel is known for its partnerships with country
music performers. It has received attention for its charitable ac-
tivities, such as its assistance of victims of Hurricane Katrina and
injured war veterans.
This location is the first ever Cracker Barrel in California.
18 19P R O P E R T I E S
COMPARABLE
C O M P A R A B L E
CRACKER BARREL
Victorville
PROPERTIES
//
V i c t o r v i l l e
-
B a r r e l
C r a c k e r
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of
the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus
& Millichap ACT ID Z0000000
214
SALES COMPAR ABLES – SUMMARY
C r a c k e r
P R O P E R T I E S
3
2 1
B a r r e l
C O M P A R A B L E
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PROPERTY NAME STATUS PRICE CAP RATE PRICE PER FOOT
V i c t o r v i l l e
Cracker Barrel - Victorville Just Listed $5,795,000 4.05% $635.90
The Habit - Victorville 05/17/2018 $3,500,000 4.29% $1,029.41
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BJ’s Restaurant - Victorville 05/18/2018 $4,000,000 3.45% $555.56
//
V i c t o r v i l l e
McDonald’s - Victorville 5/16/2016 $2,535,000 3.85% $652.34
C O M P A R A B L E
McDonald’s - Lancaster 12/28/2017 $2,100,000 3.50% $572.05
Del Taco - San Pedro 10/1/2018 $5,500,000 4.00% $2,272.73
Raising Cane’s - La Habra 3/1/2018 $3,960,000 4.04% $1,222.60
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Outback Steakhouse - Buena Park 3/31/2017 $3,420,000 3.50% $556.10
B a r r e l
6
P R O P E R T I E S
7
C r a c k e r
5
22 23C r a c k e r SALES COMPARABLES
P R O P E R T I E S
B a r r e l
C O M P A R A B L E
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V i c t o r v i l l e
C RAC K E R B A RREL VI CTORVI LLE 1 THE H ABIT - VICTORVILLE 2 BJ’S RE STAURANT - VICTO RVIL L E 3 MCDONALD’S - VICTORVILLE
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11612 Amargosa Rd, Victorville, CA 92392 11608 Amargosa Rd, Victorville, CA 92392 11600 Amargosa Rd, Victorville, CA 92392 13625 Bear Valley Rd, Victorville, CA 92392
//
V i c t o r v i l l e
C O M P A R A B L E
SALES PRICE $5,795,000 SALES PRICE $3,500,000 SALES PRICE $4,000,000 SALES PRICE $2,535,000
Sale Date Just Listed Sale Date 05/17/2018 Sale Date 05/18/2018 Sale Date 5/16/2016
Year Built 2018 Year Built 2015 Year Built 2018 Year Built 2009
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Cap Rate 4.05% Cap Rate 4.29% Cap Rate 3.45% Cap Rate 3.85%
B a r r e l
Price Per SF $635.90 Price Per SF $1,038.24 Price Per SF $555.56 Price Per SF $652.34
P R O P E R T I E S
C r a c k e r
ADDITIONAL INFO ADDITIONAL INFO ADDITIONAL INFO ADDITIONAL INFO
Gross Leasable Area 9,113 SF Gross Leasable Area 3,400 SF Gross Leasable Area 7,200 SF Gross Leasable Area 3,886 SF
Lot Size 2.22 AC Lot Size 0.71 AC Lot Size 1.33 AC Lot Size 0.76 AC
2018 Construction, 20-year Ground Leasewith 10% increases every 5 2017 Construction, 17.5 years left on ground lease at time of sale. The ground lease expires12/31/2028 with four 5-year options.
years. CPI increases every 5 years.
24 25C r a c k e r SALES COMPARABLES
P R O P E R T I E S
B a r r e l
C O M P A R A B L E
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V i c t o r v i l l e
4 M C D O N A L D ’ S - LANCASTER 5 DEL TACO - S AN P E DRO 6 RAIS IN G CAN E S - L A H A B RA 7 O UT B AC K - B UE NA PA RK
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43645 Challenger Way, Lancaster, CA 93535 350 S Gaffey St, San Pedro, CA 90731 1050 S Beach Blvd, La Habra, CA 90631 7575 Beach Blvd, Buena Park, CA 90620
//
V i c t o r v i l l e
C O M P A R A B L E
SALES PRICE $2,100,000 SALES PRICE $5,500,000 SALES PRICE $3,960,000 SALES PRICE $3,420,000
Sale Date 12/28/2017 Sale Date 10/1/2018 Sale Date 3/1/2018 Sale Date 3/31/2017
Year Built 2002 Year Built 2018 Year Built 1975 Year Built 2001
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Cap Rate 3.50% Cap Rate 4.00% Cap Rate 4.04% Cap Rate 3.50%
B a r r e l
Price Per SF $572.05 Price Per SF $2,272.73 Price Per SF $1,222.60 Price Per SF $556.10
P R O P E R T I E S
C r a c k e r
ADDITIONAL INFO ADDITIONAL INFO ADDITIONAL INFO ADDITIONAL INFO
Gross Leasable Area 3,671 SF Gross Leasable Area 2,420 SF Gross Leasable Area 3,239 SF Gross Leasable Area 6,150 SF
Lot Size 5.00 AC Lot Size 0.42 AC Lot Size 1.00 AC Lot Size 1.81 AC
McDonald’s has 21+ Years remaining on The tenant was on a 20-year ground lease at the time of sale. The tenant was on a Corporate Ground lease with 15 years remaining The tenant, T-Bird Restaurant Group, Inc., is a California Franchisee
the initial term, with 10% rent increases every 5 years and four 5-year options to renew. for Outback Steakhouse, owns and operates 62 Outback Steakhouse
restaurants. They executed their second 5 year option and who has
now occupied the property for over 15 years.
26 2729
P R O P E R T I E S C O M P A R A B L E // V i c t o r v i l l e - B a r r e l C r a c k e r
Avg $980.11
Avg 3.80%
SALES COMPARABLES
28
C r a c k e r B a r r e l - V i c t o r v i l l e // C O M P A R A B L E P R O P E R T I E SP E R T I E S
T A OB VL EE R PV RI EO W
MARKET
E R
CRACKER BARREL
KA
OVERVIEW
R P
CMOA M
Victorville
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V l eE
t oE r vH i El R
N iAc M r eR lT Y-
r RBOa Pr E
C r a c k e P
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of
the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus
& Millichap ACT ID Z0000000
31MAJOR EMPLOYERS AIRPORTS
California State University, San Bernardino San Bernardino International Airport
COUNTY OVERVIEW Caltrans District 8 LA/ Ontario International Airport
O V E R V I E W
C r a c k e r
City of San Bernardino Southern California Logistics Airport
San Bernardino County is the largest county in the contiguous United States: The county covers more than 20,000 square miles of land. There are 24 cities and towns
Community Hospital of San Bernardino Apple Valley Airport, Baker Airport, Barstow-Daggett
in the county and multiple unincorporated areas. The county is bordered by Los Angeles, Orange, Riverside, Inyo and Kern counties as well as the Arizona and Ne- Airport, Chino Airport, Needles Airport
San Bernardino City Unified School District
vada state lines. Interstates 10, 40, and 15, the major vehicle and truck routes into Southern California all travel through San Bernardino County as do the major rail Big Bear City Airport, Cable Airport, Redlands Municiple
San Bernardino County Sheriff’s Department Airport
B a r r e l
freight routes. San Bernardino County has a population of 2.1 million people and a total of 705,700 wage and salary jobs. The per capita income is $34,414 and the
San Bernardino County Superintendent of Schools
M A R K E T
average salary per worker is $54,046. There are at least 35 official wilderness areas in the county that are part of the National Wilderness Preservation System. This is
San Manuel Band of Mission Indians MAJOR ROADWAYS
the largest number of any county in the United States. Places of interest within the County include: The Mojave National Preserve, Calico Ghost Town, Zzyzx - a small
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desert settlement that used to be a health spa and is now the Desert Studies Center, Joshua Tree National Park, San Bernardino National FOrest - home to Big Bear
V i c t o r v i l l e
Interstate 10, 15, 40, 215
Lake outdoor activities, Goldstone Deep Space Communications Complex, Snow Summit and Bear Mountatin Ski Resort.
State Route 15, 95, 395, 2, 18, 38, 58, 60, 62, 66, 71, 83,
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127, 138, 142, 173, 178, 189, 247, 259, 330
V i c t o r v i l l e
California State University San Bernardino
CITY OVERVIEW
//
Victorville is a city located in the Victor Valley of southwestern San Bernardino County, California. Its estimated population as of July
M A R K E T
1, 2013 was 121,096. Southern California Logistics Airport, located in Victorville is a 2,500-acre world-class aerospace services hub,
-
B a r r e l
providing aircraft owners, manufacturers and aerospace service providers with an ideal location to serve the global market. It is also
the top employer of the city, followed by Victor Valley College, Desert Valley Hospital, Verizon, Victorvalley Union High School District
O V E R V I E W
and Victor Elementary School District. The Victor Valley offers numerous recreational options. The Performing Arts Center, located
C r a c k e r
on the Victor Valley College campus, provides a wide variety of cultural entertainment including concerts, speakers, plays, musicals,
and more. Old Town Victorville boasts an eclectic selection of antique stores and specialty shops and is home to the nostalgic Route
66 Museum. The Victor Valley Museum, located at Jess Ranch in Apple Valley, provides a look at local history, and the Apple Valley
Science and Technology Center gives kids of all ages a glimpse of the future. The San Bernardino County Fair in Victorville livens up
each spring with carnival rides, livestock competitions, exhibits, a rodeo, a demolition derby, celebrity concerts and much more.
32 33POPULATION 1-MILE 3-MILES 5-MILES
DEMOGRAPHICS HIGHLIGHTS 2000 Population 1,734 21,892 52,582
O V E R V I E W
C r a c k e r
2010 Population 5,583 49,485 110,069
2014 Population 5,687 51,013 114,163
133,790
2019 Population 7,159 61,045 133,790
B a r r e l
M A R K E T
INCOME 1-MILE 3-MILES 5-MILES
5-MILE POPULATION
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Average $76,267 $68,547 $62,313
V i c t o r v i l l e
//
Median $69,739 $58,913 $51,576
$76,267
V i c t o r v i l l e
Per Capita $19,118 $18,466 $17,481
AVERAGE HOUSEHOLD INCOME
//
M A R K E T
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HOUSEHOLDS 1-MILE 3-MILES 5-MILES
B a r r e l
2000 Households 4,177 9,817 41,165
85.31% 2010 Households 3,980 9,904 43,947
O V E R V I E W
2016 Households 4,177 12,099 49,880
C r a c k e r
OWNER OCCUPIED HOUSING UNITS 2021 Households 4,280 12,381 51,436
Housing (2015) $72,753 $74,485 $77,546
34 35CRACKER BARREL
Victorville
E X C L U S I V E LY L I S T E D B Y
PAUL BITONTI
First Vice President Investments
Newport Beach
Cell 714.267.8582
Office 949.419.3246
Paul.Bitonti@marcusmillichap.com
License CA 01325076You can also read
