39228 10th St W - Supermarket FOR SALE


Palmdale, CA 93551
$14,400,000 USD
480-221-4221
39228 10th St W, Palmdale, CA for Sale
$14,400,000 USD
Supermarket - FOR SALE
1/10
null | 7% Cap Rate

39228 10th St W
Palmdale, CA 93551


HIGHLIGHTS

  • 100% Occupied | NNN Leases | Recent 10-Year Renewal (Barnes & Noble) |Well-Known and Established Tenants
  • Signalized, Hard-Corner Intersection | Quick Access to State Highway 139 & 14 (89,000 VPD) | Excellent Visibility & Access
  • Palmdale Regional Medical Center | Amazon Distribution Center | Major Aerospace Facilities
  • Palmdale Marketplace | Immense Retail Corridor
  • Steady, Consistent Consumer Base | Hotel Cluster | Strong Demographics in 5-Mile Trade Area | Fast-Growing City

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, two-tenant, Smart & Final and Barnes & Noble investment opportunity located in Palmdale, California. The tenants have 9.7 years of weighted term remaining and operate under corporate signed, NNN leases. Barnes & Noble recently signed a 10-year lease extension with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease also features $1.00 PSF rental increases every 5 years throughout the term and option periods, increasing NOI and hedging against inflation. Smart & Final is an established, California-based grocery store chain with over 250 locations. Barnes & Noble is the largest retail bookstore chain in the United States with more than 630 stores. Smart & Final reports exceptional store sales - contact agent for details.

FOR SALE DETAILS

PRICE

$14,400,000 USD

PRICE/SF

$424 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smart & Final | Target & Lowe's Anchor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

193

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

SP

APN/PARCEL ID

3003-085-022

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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