For Sale: Prime Single-Tenant Commercial Investment 124 W Nugent St, Lancaster, CA 93534 Asking Price: $1,099,000 CAP Rate: 6.28% Building Size: 4,000 SF Lot Size: 9,518 SF Zoning: LRM1 Year Built: 1989 Investment Summary An excellent opportunity to acquire a stabilized, single-tenant commercial property in the heart of Lancaster. Fully leased to Executive Auto Body & Paint, this 4,000 SF building generates reliable income backed by a long-term lease and built-in annual rent escalations. Tenant: Executive Auto Body & Paint (Established Business) Occupancy: 100% (Single Tenant) Lease Commencement: August 15, 2024 Initial Lease Term: 5 Years (Expires August 15, 2029) Renewal Option: One 5-Year Option Base Rent: $5,700/month ($68,400/year) Annual Increases: 3% Property Tax Pass-Through: Tenant responsible for any increase above 2023/2024 base year property tax Utilities: Separately metered (electric, water, gas) Restrooms: 3 separate bathrooms Financial Highlights Net Operating Income (Year 1): $68,400 Asking Price: $1,099,000 Capitalization Rate (CAP): 6.28% CAP Rate is based on Year 1 NOI. Rent includes property taxes. Property Features High visibility and accessibility Located in a growing commercial corridor Concrete block construction Ample on-site parking Strong local tenant with renewal flexibility Location Overview Situated near key transit routes in Lancaster, CA, this property offers strategic access and visibility within a stable and developing area. The LRM1 zoning provides flexibility for long-term use or future redevelopment.