VICTORVILLE, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the $4.6 million sale of a two-tenant retail investment property occupied by AutoZone and Dollar Tree at a Stater Bros.-anchored shopping center in Victorville, California.
Hanley Investment Group’s Executive Vice Presidents Bill Asher and Kevin Fryman represented the seller, a private investor based in Los Angeles.
“We generated multiple qualified offers and secured a highly experienced institutional buyer,” said Asher. “Demand for essential‑retail assets remains strong, particularly for well-located buildings with long-term leases and national credit tenants. This property offered a rare combination of investment-grade tenancy, new 10-year leases, and adjacency to one of the top-performing Stater Bros. locations in the chain.”
Located at 13720 Bear Valley Road in Victorville, the 19,300-square-foot building, formerly occupied by Rite Aid and renovated in 2024, sits on a 1.90-acre parcel and is leased to AutoZone and Dollar Tree on new 10-year triple-net leases. The property is positioned within a high-performing Stater Bros.-anchored center that reports 1.3 million annual visits and ranks in the top 9% of the chain, according to Placer.ai. The signalized intersection of Bear Valley Road and Amethyst Road sees 59,000 cars per day and serves a broader Victor Valley trade area with more than 195,000 residents within five miles, a key retail hub in the Inland Empire.
The property is situated within one of Victorville’s most dominant retail corridors, surrounded by national and regional retailers including Walmart Supercenter, Home Depot, Lowe’s, Kohl’s, Hobby Lobby, Michaels, Best Buy, dd’s Discounts, Ross Dress for Less, Grocery Outlet, PetSmart, Planet Fitness, Sprouts Farmers Market, and El Super. The site also benefits from close proximity to major traffic generators such as Victor Valley College, The Mall of Victor Valley (4.5 million annual visitors), and Desert Valley Hospital, a 148-bed acute care facility. This concentration of daily‑needs, soft‑goods, and experiential retail further reinforces the long-term stability and strong consumer draw of the trade area.
“This sale reflects the continued investor appetite for daily-needs retail in high-growth Inland Empire markets,” said Fryman. “Victorville’s strong population growth, expanding logistics employment base, and limited new retail construction continue to support stable occupancy and long-term tenant performance.”
AutoZone (NYSE: AZO) operates more than 7,700 stores across the U.S., Mexico and Brazil, while Dollar Tree (NASDAQ: DLTR) operates over 9,200 stores in the U.S. and Canada. Both tenants are investment-grade and considered recession-resistant, contributing to the property’s long-term stability and investor appeal.
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a transaction track record of over $12.9 billion, specializing in the sale of grocery-anchored, anchored, multi-tenant, and single-tenant retail properties nationwide. The firm’s expertise, proven track record spanning more than 20 years, and dedication to putting clients’ needs first set it apart in the industry. Hanley Investment Group creates value by delivering exceptional results through property‑specific marketing strategies, cutting-edge technology and local market knowledge. Hanley Investment Group’s relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers translate into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit hanleyinvestmentgroup.com.
Media ContactCompany Name: Hanley Investment Group Real Estate AdvisorsContact Person: Bill Asher, Executive Vice PresidentEmail: Send EmailPhone: 949.585.7684Address:3500 East Coast Highway, Suite 100 City: Corona del MarState: CaliforniaCountry: United StatesWebsite: https://hanleyinvestmentgroup.com/
