Vallarta Supermarket -815 E. Ave. K-Lancaster 815 E Avenue K

It is a pleasure to present for sale the Vallarta Supermarket at 815 E. Avenue K in Lancaster, CA 93535, a NNN investment property that is well located for the demographic it supports, with all indications suggesting its continued success at this location. A private, family owned company, Vallarta Supermarkets has grown to over 55 stores across California since its inception in 1985. This location has been reported by executive management to be in the upper half of the overall Vallarta supermarkets locations in terms of annual store sales.
Churning out a strong and steady cash flow, this essential business grocery store with carniceria, panaderia, and restaurant inside, has just under four (4) years remaining on its initial 20-year lease term, with Two (2) Five-year renewal options that coincide with 10% rent increases. This particular location was built in 2008, as the grocery anchor tenant of the Challenger (neighborhood) Center, with several national retailers supporting this grocery anchor, including: Walgreens, Starbuck's, McDonald's, Subway, et al. This Grocery Anchor tenant location has been a Vallarta supermarket since the Challenger Center was originally developed in/around 2008.
Lancaster is located about 70 miles north of Los Angeles, near the Kern County line, separated from the Los Angeles Basin by the San Gabriel Mountains to the south. The population of Lancaster has grown from around 33,000 residents at his incorporation in 1977, to an estimated 166,236 residents in 7/2023.