Hope of the Valley Rescue Mission | 1222-1226 Commerce Center Dr
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Hope of the Valley Rescue Mission 1222-1226 Commerce Center Dr
23,490 SF 74% Leased Retail Building Lancaster, CA 93534 $3,574,000 ($152/SF) 7.25% Cap Rate
Investment Highlights
- ESTABLISHED FREEWAY ADJACENT LOCATION
- BELOW MARKET RENTS
- SINGLE TENANT NET LEASED – FINANCIALLY STRONG TENANT
Executive Summary
STRONG BUILT-IN INCOME GROWTH
Due to the embedded 4% annual increases (starting 2026), the net operating income is expected to grow to +$303,052 over an anticipated 7-year hold period.
REGIONAL RETAIL LOCATION
Located amongst over 1.1 million square feet of national and regional retailers including: Target, 24 Hour Fitness, Big Lots, Ross, Sprouts, Lowes, Winco Foods, See’s Candy, Chase Bank, Big 5, AAA, Boot Barn, McDonalds, and many others.
STRONG MARKET FUNDAMENTALS – GROWING TRADE AREA
Population of +99,000 residents with average household incomes of over $72,580 within a 3-mile radius of the site.
Due to the embedded 4% annual increases (starting 2026), the net operating income is expected to grow to +$303,052 over an anticipated 7-year hold period.
REGIONAL RETAIL LOCATION
Located amongst over 1.1 million square feet of national and regional retailers including: Target, 24 Hour Fitness, Big Lots, Ross, Sprouts, Lowes, Winco Foods, See’s Candy, Chase Bank, Big 5, AAA, Boot Barn, McDonalds, and many others.
STRONG MARKET FUNDAMENTALS – GROWING TRADE AREA
Population of +99,000 residents with average household incomes of over $72,580 within a 3-mile radius of the site.
Property Facts In Escrow
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
23,490 SF
Building Class
C
Year Built/Renovated
1989/2024
Price
$3,574,000
Price Per SF
$152
Cap Rate
7.25%
NOI
$259,050
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.95 AC
Zoning
LRC3
Frontage
345 FT on Commerce Center Dr
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former Furniture Store
| Space | Size | Space Use | Position | Available |
| 1222 | 6,000 SF | Retail | - | Now |
1222
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1222
| Size | 6,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Former Furniture Store
Nearby Major Retailers
1 of 6
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Hope of the Valley Rescue Mission | 1222-1226 Commerce Center Dr
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