24840 Pico Canyon Rd - Freestanding FOR SALE


Santa Clarita, CA 91381- Santa Clarita Valley
$7,520,000 USD
949-724-5635
24840 Pico Canyon Rd, Santa Clarita, CA for Sale
$7,520,000 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

24840 Pico Canyon Rd
Santa Clarita, CA 91381
Santa Clarita Valley


HIGHLIGHTS

  • Long-Term Stable Tenancy
  • Lease Term Through June 2030
  • Recent Investment in the Building
  • Strong Visitation Statistics
  • Freeway-Proximate, High-Visibility Location
  • Supply-Constrained Submarket

OVERVIEW

Long-Term Tenant Stability and Predictable Income - The property is occupied by a long-standing tenant that has operated at the location since 2010, demonstrating a strong commitment to the site. A 10-year lease extension executed in 2021 provides stable cash flow through June 2030, with an additional five-year renewal option extending occupancy potential through 2035. Premier Location with Strong Consumer Access - Located just 0.3 miles from Interstate 5 and featuring frontage along Pico Canyon Road, the property benefits from exceptional visibility, convenient accessibility, and direct exposure to surrounding residential communities, supporting consistent customer traffic. Proven Store Performance and Demand Drivers - The location ranks second among 13 Goodwill stores within a 15-mile radius and has recorded a 6.1% increase in visitation over the past three years. These performance metrics underscore the store's importance within the market and its ability to attract a growing customer base. Well-Maintained Asset in a Supply-Constrained Market - Recent ownership invested $75,000 in a new roof, enhancing the property's long-term durability and reducing near-term capital needs. At the same time, limited new retail development in the surrounding submarket creates favorable competitive dynamics that support long-term occupancy and value appreciation.

FOR SALE DETAILS

PRICE

$7,520,000 USD

PRICE/SF

$349 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodwill Santa Clarita

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

C-3 General Commercial

APN/PARCEL ID

2826-063-028

ASK ABOUT THIS PROPERTY

Alyssa MeraColliersMore Info
949-724-5635

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Alyssa MeraColliersMore Info
949-724-5635

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.