2840 W Avenue L | Lancaster, CA 93536
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- LoopNet Team
2840 W Avenue L
Lancaster, CA 93536
Walgreens · Retail Property For Sale
Investment Highlights
- Corporate Net Lease with minimal landlord responsibilities and rare increases in the option periods
- “Essential Service” tenant that remains open and operating during the Coronavirus Pandemic
- Original lease was due to expire in 2021. Walgreens negotiated rent reduction and five year extension to a ‘right-sized’ rent level showing commitment
- The average household income within a 1-mile radius is over $95k
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,310 SF
Building Class
B
Year Built
2001
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
2.40 AC
Zoning
LRCPD
Parking
75 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
220 ft on W Avenue L
Amenities
- Corner Lot
- Pylon Sign
- Signalised Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £2,094,735 | |
| Land Assessment | £1,396,489 | Total Assessment | £3,491,224 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,396,489
Improvements Assessment
£2,094,735
Total Assessment
£3,491,224
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