2840 W Avenue L - Drug Store FOR SALE


Lancaster, CA 93536
$3,901,000 USD
415-269-8969
2840 W Avenue L, Lancaster, CA for Sale
$3,901,000 USD
Drug Store - FOR SALE
1/9
null | 7.05% Cap Rate

2840 W Avenue L
Lancaster, CA 93536


HIGHLIGHTS

  • Long-Term Commitment from Walgreens
  • Secure Corporate Net Lease Structure
  • True Neighborhood Area & Strong Demographics
  • Accessible Corner Site with Exceptional Visibility
  • Irreplaceable Corner in Lancaster’s Retail Corridor

OVERVIEW

This established, corporate-backed Walgreens recently renewed their lease through 2030 and has operated for over two decades at this location. With minimal landlord responsibilities, strong neighborhood demographics, and a prime hard-corner position across from a major grocery anchor, this asset is a proven performer in one of Lancaster’s most vital retail corridors.

FOR SALE DETAILS

PRICE

$3,901,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

LRCPD

APN/PARCEL ID

3109-033-001,3109-033-002

ASK ABOUT THIS PROPERTY

David LucasMonarch Commercial AdvisorsMore Info
415-269-8969

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David LucasMonarch Commercial AdvisorsMore Info
415-269-8969

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