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564 E Palmdale Blvd
Palmdale, CA 93550

Jack In The Box | Corporate Guarantee · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • ABSOLUTE NET LEASE Tenant pays for CAM, taxes, insurance and all maintenance and repairs for the property
  • RENTAL INCREASES 8% increases every 5 years
  • SIGNALIZED HARD CORNER High visibility with ease of access and drive-thru, Desirable location in close proximity to highways
  • STRONG SALES Long term tenant, corporate guarantee
  • STRONG DEMOGRAPHICS Population of 138,911 within 5 miles

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
2,475 SF
Building Class
C
Year Built
1969
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.51 AC
Zoning
C3
Parking
36 Spaces (14.55 Spaces per 1,000 SF Leased)
Frontage
136 FT on Palmdale

AMENITIES

  • Bus Line
  • Corner Lot
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

ABOUT 564 E PALMDALE BLVD , PALMDALE, CA 93550

Cushman & Wakefield is pleased to offer the opportunity to acquire the fee simple interest in an absolute triple-net leased, corporate guaranteed Jack in the Box property in Palmdale, California. The long term tenant has an original lease term of 18 years, with 2.4 years remaining and four 5-year options to extend. The lease features 8% rent increases every 5 years throughout the original lease term and at the beginning of each option period, providing for a great hedge against inflation. The asset consists of a 2176 SF freestanding building equipped with a drive-thru on a 0.51 AC lot, that is located on the signalized hard corner of E Palmdale Blvd and 6th St E with close proximity to highways. This property offers high visibility and ease of access. The local area has a total population of 138,911 within 5 miles with demographics that meet the ideal target market of Jack in the Box, contributing to the store’s strong sales performance.

PROPERTY TAXES

  • Listing ID: 18437517

  • Date on Market: 2/6/2020

  • Last Updated:

  • Address: 564 E Palmdale Blvd, Palmdale, CA 93550