740 W Rancho Vista Blvd | Palmdale, CA 93551
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- LoopNet Team
740 W Rancho Vista Blvd
Palmdale, CA 93551
ALDI Ground Lease · Retail Property For Sale
Investment Highlights
- Just Under 15 Years Remaining on an Initial 20 Year Absolute NNN Ground Lease
- A+ Location in the Antelope Valley | Immediate Access to State Route 138
- Incredible Development and Growth in Multiple Projects Surrounding the Property and Trade Area
- New Construction at One of the Best Intersections in the Antelope Valley
- Best in Class Tenant and Guarantor -- ALDI is a Leading Global Discount Supermarket Chain With Estimated Revenue Exceeding $58 Billion USD
- Favorable Rental Increase Structure - 8 Percent Rental Increases Every Five Years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
17,750 SF
Building Class
B
Year Built
2016
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.57 AC
Zoning
CPD
Parking
45 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
124 FT on Lowes Dr
Amenities
- Bus Line
PROPERTY TAXES
| Parcel Number | 3003-001-071 | Improvements Assessment | $2,508,912 |
| Land Assessment | $1,479,176 | Total Assessment | $3,988,088 |
PROPERTY TAXES
Parcel Number
3003-001-071
Land Assessment
$1,479,176
Improvements Assessment
$2,508,912
Total Assessment
$3,988,088
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