23650 Lyons Ave - Fast Food FOR SALE
Santa Clarita, CA 91321 |
23650 Lyons Ave
Santa Clarita, CA 91321
HIGHLIGHTS
- Del Taco executed a new long-term lease, committing to the location for ten (10) years with two (2), five (5)-year options.
- Del Taco has been operating at this location for over 40 years and has shown commitment to this location after executing the new lease.
- The rent increases every five (5) years providing superior rental growth compared to similar net lease properties.
- Fully stabilized drive-thru product in Southern California is an extremely competitive market.
- Conveniently located as an out-parcel to a Smart & Final-anchored shopping center, drawing a consistent customer base to the property.
- The Tenant is currently paying below market rents, mitigating risk and allowing for upside in future rental income.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Del Taco
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
1876
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
2830-001-015
