48043 90th St W - Freestanding FOR SALE


Lancaster, CA 93536
$2,534,000 USD
415-269-0599
48043 90th St W, Lancaster, CA for Sale
$2,534,000 USD
Freestanding - FOR SALE
1/5
null | 6.5% Cap Rate

48043 90th St W
Lancaster, CA 93536


HIGHLIGHTS

  • Build to suit construction for Dollar General
  • New 15 year triple net lease
  • Three five-year options with 10% rental increases at the start of each option
  • Dollar General is an investment grade tenant with an S&P rating of “BBB”
  • Dollar General has over 20,000 stores nationwide
  • Located in northern Los Angeles County

OVERVIEW

Cushman & Wakefield Net Lease Group is pleased to offer an approximate 10,460 square foot single story Dollar General retail building with approximately 43 on-site parking spaces that is leased to Dolgen California, LLC, with a guaranty by Dollar General for 15 years with an annual rent of $164,736. The lease is triple net, with the tenant responsible for taxes, insurance, common area maintenance including roof, structure and parking lot. There are three five year options to extend the lease with 10% increases at the start of each option. Located in northern Los Angeles County, Antelope Valley spans approximately 94 square miles, making it the largest city in Los Angeles County by land area. With its unique blend of urban amenities and natural beauty, Antelope Valley has become an appealing destination for residents and visitors alike. As the most populous county in the United States, Los Angeles County (Population: 9,992,643) boasts a thriving economy that spans diverse sectors and drives innovation and growth. Located in Southern California, this county is renowned for its vibrant communities, rich cultural heritage, and the city of Los Angeles.

FOR SALE DETAILS

PRICE

$2,534,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,638 SF

ZONING

-

APN/PARCEL ID

3264-010-025

ASK ABOUT THIS PROPERTY

Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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