U.S. National Park Service
7.75 Years Remaining
17,200 SQ FT
U.S. GOVERNMENT CREDIT
Lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security
LONG-TERM FEDERAL LEASE
Recent lease renewal for 10-year term plus 5-year option period with the U.S. Federal Government
Built-to-suit for National Park Service in 2004, designed and constructed to meet tenant-specific requirements and stringent federal building standards
MOJAVE NATIONAL PRESERVE HEADQUARTERS
Headquarters location for Mojave National Preserve, encompassing over 1.54 million acres, with a visitor count of 866,635 in 2021
RARE OFFERING of FEDERAL BUILDING in CALIFORNIA
Single-tenant assets leased to the Federal Government rarely become available for acquisition in California, a state with significant investor demand
The U.S. National Park Service Mojave National Preserve Headquarters is a 17,200 square foot, single-story facility located in Barstow, California that is 100% leased to the United States Federal Government.
Built-to-suit for National Park Service in 2004, the tenant recently renewed for a new 10-year lease term with additional 5-year renewal option period, demonstrating an ongoing, long-term commitment to this location by NPS. Responsible for oversight of the 1.54 million acre Mojave National Preserve, with 866,635 visitors in 2021, this headquarters location serves an essential function to the tenant mission and is tasked with a significant area of responsibility.
The lease is guaranteed by the full faith and credit of the United States of America, featuring an Aaa rating from Moody’s Investor Services and unrivaled income security. Additionally, the GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate which typically exceeds 95%, and studies of this data indicate that GSA occupancy of single-tenant facilities result in an occupancy period which typically exceeds 35 years.
The offering provides a rare opportunity to acquire an asset leased to the U.S. Federal Government within the state of California, a state that experiences significant investor demand. Located on 3.99 acres, this site benefits from direct access to Highway 247 (Barstow Road) and immediate proximity to the Interstate 15 freeway. Mojave National Preserve Headquarters is positioned across from Barstow Community College (BCC), which was established in 1959 and has a student body of 3,746. Major national tenants are in close proximity, including Rite Aid, Dollar General, 7-Eleven, The Home Depot, and more.