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Lancaster Retail Center East, Lancaster, CA

Lancaster Retail Center East

Lancaster, CA

Price $1,927,000
Cap Rate 6.00%
NOI $115,598
Lease Term Various
Lease Type NNN Leases
Rental Increases 3% Annual Increase
Year Built 1987
Building Size 3,336 SF
Lot Size 0.22 Acres (9,686 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

100% LEASED MULTI-TENANT RETAIL ASSET WITH AMAZONPROOF RETAILERS
» 100% leased multi-tenant “Amazon-proof” asset to Subway, Tru Nature Juice Bar, and Exclusive Barber Studio
» Scheduled rental increases for all tenants, providing a hedge against inflation
» Subway has been a tenant since 1987, demonstrating a proven track record of success in the location
» Subway has the most locations of any submarine sandwich chain on the planet, with more than 37,000 restaurants in over 100 countries
» The global fruit and vegetable juice market size is expected to reach $228.96B by 2030, positioning Tru Nature Juice Bar for substantial growth

HIGH-VISIBILITY LOCATION NEAR EXCELLENT TRAFFIC DRIVERS
» High-visibility location near the intersection of West Avenue K and State Road 14/Antelope Valley Freeway (120,970 AADT)
» Prime location within a Target-anchored shopping center with multiple high-traffic retailers
» Surrounded by major national tenants such as Costco, Lowe’s Home Improvement, The Home Depot, WinCo Foods, Albertsons, McDonald’s, Starbucks, and many others
» Located directly northwest of The Promenade at Amargosa Creek, a planned 115-acre mixed-use development to feature 1.16M square feet of retail, hotels, offices, and theater space
» One mile from Lancaster Business Park (100 companies, 4,100 employees)
» Tesla charging stations coming online near 24 Hour Fitness in Q3 2023

PRIME LOCATION IN GROWING LOS ANGELES COUNTY CITY
» 191,360 residents within a five-mile radius, creating an extremely large customer base for the site
» Average annual household income of $92,796 within five miles, with a projected 24% increase by 2027
» Located one hour north of Los Angeles, Lancaster has improved sites ready for rapid development, large parcels for distribution centers, and a variety of multi-tenant spec and build-to-suit opportunities, all with significant price advantages
» Lancaster was recently named the “Most Business-Friendly City” in Los Angeles County by the Los Angeles County Economic Development Corporation


Property Description

» This multi-tenant asset is conveniently located near the intersection of West Avenue K and State Road 14/Antelope Valley Freeway (120,970 AADT)
» Prime location within a Target-anchored shopping center with multiple high-traffic retailers
» The property is immediately surrounded by notable tenants such as Costco, Lowe’s Home Improvement, The Home Depot, WinCo Foods, Albertsons, McDonald’s, Starbucks, and many more
» The site is located directly northwest of The Promenade at Amargosa Creek, a planned 115-acre mixed-use development to feature 1.16M square feet of retail, hotels, offices, and theater space
» 191,360 residents live within five miles of the property, creating a large and reliable customer base for the site
» Located one hour north of Los Angeles, Lancaster has improved sites ready for rapid development, large parcels for distribution centers, and a variety of multi-tenant spec and build-to-suit opportunities, all with significant price advantages

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