Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

959 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

144 E Palmdale Blvd

5,400 SF Speciality Building Offered at £1,529,298 at a 6.50% Net Initial Yield in Palmdale, CA 93550

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Reliable Income Stream
Desirable Tenant Profile

Passive Investment
Thriving Location

Executive Summary

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.

Property Facts

Price	£1,529,298	Lot Size	0.67 AC
Price Per SF	£283	Building Size	5,400 SF
Sale Type	Investment	Number of Floors	1
Net Initial Yield	6.50%	Year Built	1994
Property Type	Speciality	Parking Ratio	7.41/1,000 SF
Property Subtype	Car Wash	Level Access Doors	1
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,529,298
Price Per SF	£283
Sale Type	Investment
Net Initial Yield	6.50%
Property Type	Speciality
Property Subtype	Car Wash
Building Class	B
Lot Size	0.67 AC
Building Size	5,400 SF
Number of Floors	1
Year Built	1994
Parking Ratio	7.41/1,000 SF
Level Access Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.