23650 Lyons Ave - Restaurant FOR SALE
Santa Clarita, CA 91321 |
$2,050,000 USD
818-259-0476
23650 Lyons Ave
Santa Clarita, CA 91321
HIGHLIGHTS
- Recent Ten (10)-Year Lease Extension with Options - Del Taco executed a new long-term lease.
- Long-Term Tenant - Del Taco has been operating at this location for over 40 years and has shown commitment to this location.
- Rare Fifteen Percent (15%) Rental Increases - The rent increases every five (5) years providing superior rental growth.
- Lower Price Point Corporate Guarantee - Fully stabilized drive-thru product in Southern California is an extremely competitive market.
- Out-Parcel to a Grocery-Anchored Shopping Center - Conveniently located as an out-parcel to a Smart & Final-anchored shopping center.
- Below Market Rents - The Tenant is currently paying below market rents, mitigating risk and allowing for upside in future rental income.
FOR SALE DETAILS
PRICE
$2,050,000 USD
PRICE/SF
$1,093 USD /SF
CAP RATE
4.51%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Del Taco
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.32 AC
LAND SF
13,939 SF
ZONING
SCCP
APN/PARCEL ID
2830-001-015
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818-259-0476
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818-259-0476
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