44430 Challenger Way | Lancaster, CA 93535
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44430 Challenger Way
Lancaster, CA 93535
CVS · Retail Property For Sale
Investment Highlights
- This single-tenant CVS with Drive Thru is well located within a strong retail corridor off Avenue J with vehicles exceeding 21,900 per day.
- Rapidly growing population of 141,000 in a 5-mile radius
- CVS has a BBB credit rating from S&P, signaling stability in the Pharmacy market.
- State-of-the-art, 700,000 sq. ft. Antelope Valley Hospital is set to open just 3 miles from the site, with a projected completion date in 2026.
Executive Summary
CVS executed a Long Term 20-year NNN Lease through January 2034 with more than 9 years remaining.
Near Edwards Air Force Base and various defense companies (Northrop Grumman, Clancy JG International, Machfinish, etc). The total number of people at Edwards Air Force Base in California is over 10,000, including military, federal civilian, and contract personnel.
Near Edwards Air Force Base and various defense companies (Northrop Grumman, Clancy JG International, Machfinish, etc). The total number of people at Edwards Air Force Base in California is over 10,000, including military, federal civilian, and contract personnel.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,251 SF
Building Class
B
Year Built
2000
Price
$5,326,917
Price Per SF
$349
Cap Rate
6.65%
NOI
$354,214
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.24 AC
Zoning
CPD - Commercial Planned Development
Parking
45 Spaces (2.95 Spaces per 1,000 SF Leased)
Frontage
210 FT on Challenger Way
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 3147-008-032 | Improvements Assessment | $2,523,832 |
| Land Assessment | $3,226,900 | Total Assessment | $5,750,732 |
PROPERTY TAXES
Parcel Number
3147-008-032
Land Assessment
$3,226,900
Improvements Assessment
$2,523,832
Total Assessment
$5,750,732
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