144 E Palmdale Blvd
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144 E Palmdale Blvd
5,400 SF Specialty Building Offered at $1,900,000 at a 6.50% Cap Rate in Palmdale, CA 93550
Investment Highlights
- Reliable Income Stream
- Desirable Tenant Profile
- Passive Investment
- Thriving Location
Executive Summary
Please do not contact anyone at this location.
Investment Highlights:
Stable Long-Term Lease:
Monthly Rent: $10,300.
Rent Escalation: 2% increase every 24 months.
Lease Term: 10 years with two 5-year renewal options (5+5).
Triple Net Lease (NNN): Tenant responsible for property taxes, insurance, and maintenance.
Projected Expenses:
Property Taxes: $2,333/month.
Insurance: $1,500/month.
Total Expenses: $14,250/month, covered by tenant.
Property Features:
Lot Size: 29,000 Sq. Ft. (0.66 AC).
Building Size: 5,400 Sq. Ft.
Year Built: 1994.
Modern Facility: Recently remodeled with state-of-the-art equipment and infrastructure.
Prime Location:
Strategically located on Palmdale Blvd with easy access from Fwy-14.
Adjacent to a high-traffic IN-N-OUT Burger, ensuring consistent visibility and customer flow.
New traffic signal installation at the intersection for improved access and traffic management.
Why Invest in This Opportunity?
Reliable Income Stream: Long-term lease with built-in rent escalations ensures steady income and growth potential.
Passive Investment: Triple Net Lease terms minimize owner responsibilities.
Desirable Tenant Profile: Express Car Wash with a proven track record and high-performance metrics.
Thriving Location: Situated in a high-growth area with strong retail and residential demand.
This is a rare opportunity to acquire a single-tenant NNN investment property with a strong tenant and favorable lease terms.
For inquiries, please contact us directly.
Investment Highlights:
Stable Long-Term Lease:
Monthly Rent: $10,300.
Rent Escalation: 2% increase every 24 months.
Lease Term: 10 years with two 5-year renewal options (5+5).
Triple Net Lease (NNN): Tenant responsible for property taxes, insurance, and maintenance.
Projected Expenses:
Property Taxes: $2,333/month.
Insurance: $1,500/month.
Total Expenses: $14,250/month, covered by tenant.
Property Features:
Lot Size: 29,000 Sq. Ft. (0.66 AC).
Building Size: 5,400 Sq. Ft.
Year Built: 1994.
Modern Facility: Recently remodeled with state-of-the-art equipment and infrastructure.
Prime Location:
Strategically located on Palmdale Blvd with easy access from Fwy-14.
Adjacent to a high-traffic IN-N-OUT Burger, ensuring consistent visibility and customer flow.
New traffic signal installation at the intersection for improved access and traffic management.
Why Invest in This Opportunity?
Reliable Income Stream: Long-term lease with built-in rent escalations ensures steady income and growth potential.
Passive Investment: Triple Net Lease terms minimize owner responsibilities.
Desirable Tenant Profile: Express Car Wash with a proven track record and high-performance metrics.
Thriving Location: Situated in a high-growth area with strong retail and residential demand.
This is a rare opportunity to acquire a single-tenant NNN investment property with a strong tenant and favorable lease terms.
For inquiries, please contact us directly.
Property Facts
| Price | $1,900,000 | Lot Size | 0.67 AC |
| Price Per SF | $352 | Building Size | 5,400 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 1994 |
| Property Type | Specialty | Parking Ratio | 7.41/1,000 SF |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | $1,900,000 |
| Price Per SF | $352 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.67 AC |
| Building Size | 5,400 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Parking Ratio | 7.41/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- Bus Line
- Signage
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 3009-005-036 | Improvements Assessment | $955,087 |
| Land Assessment | $1,220,389 | Total Assessment | $2,175,476 |
PROPERTY TAXES
Parcel Number
3009-005-036
Land Assessment
$1,220,389
Improvements Assessment
$955,087
Total Assessment
$2,175,476
zoning
| Zoning Code | CPD (Commercial/car wash) |
| CPD (Commercial/car wash) |
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144 E Palmdale Blvd
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