144 E Palmdale Blvd - Car Washes FOR SALE


Palmdale, CA 93550
$1,900,000 USD
661-816-1141
144 E Palmdale Blvd, Palmdale, CA for Sale
$1,900,000 USD
Car Washes - FOR SALE
1/38
null | 6.5% Cap Rate

144 E Palmdale Blvd
Palmdale, CA 93550


HIGHLIGHTS

  • Reliable Income Stream
  • Passive Investment
  • Desirable Tenant Profile
  • Thriving Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$352 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,000 SF

ZONING

CPD

APN/PARCEL ID

3009-005-036

ASK ABOUT THIS PROPERTY

Houmehr Mike PanoussiLiberty Business AdvisorsMore Info
661-816-1141

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Houmehr Mike PanoussiLiberty Business AdvisorsMore Info
661-816-1141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.