815 E Ave. K Lancaster, CA 93535
Summary
Fantastic NNN investment property in Lancaster, CA with established tenant ‘Vallarta Supermarkets’, a private family-owned supermarket with 55 stores across Southern California. Four years remaining on initial 20-year lease, with two 5-year options at 10% increases every 5 years.
Located in Los Angeles County, approximately 42,000 SF building within the Challenger Neighborhood Center that includes, several national retailers support this grocery anchor tenant, including: Walgreens, Starbuck’s, McDonald’s, Subway, et al.
Agent(s) Involved: Joseph Burrough, Caitlyn de Wit, Shawn Jass
Agency/Representation: Seller
Transaction Details
| Status: | Active |
| COE Date: | NA |
| Price: | $9,750,000 |
| Cap Rate: | 5.89% |
| NOI: | $574,560 |
| Bldg. Size: | ±42,668 SF |
| Lot Size: | ±152,068 SF |
| Price/SF of RBA: | $229 |
| Price/GLA: | $64 |
| Year Built: | 2008 |