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Jiffy Lube 37140 25th St E

2,400 SF Retail Building Palmdale, CA 93550 £1,766,772 (£736/SF) 5.31% Net Initial Yield

Investment Highlights

  • Brand New NNN Lease at the close of Escrow.
  • Significant 1031 Exchange Investment
  • Long Term National Tenant.

Executive Summary

Great opportunity to own an excellent property in a heavy and busy intercession of W. Ave. S. and 25th St. E. The subject property consists of a 20,566 SF Lot size and 2,400 SF building, with excellent exposure along 25th St. The property lends itself ideally to a corner property with exceptional visibility with long-term National Tenant. Jiffy Lube Center tenant will sign a brand-new lease for 10 years with a two (2) five-year option before closing escrow. Easy access, free-standing, drive-through building with excellent visibility. Significant 1031 exchange investment for your picky investors. NNN Investment and Tenant pays all expenses. Absolute pride of ownership. Please call 310-880-3888 or email Sean@SoCalPowerHouse.com for any additional questions or information.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,400 SF
Building Class
B
Year Built
2003
Price
£1,766,772
Price Per SF
£736
Net Initial Yield
5.31%
NOI
£93,894
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.47 AC
Zoning
SP, Palmdale - Auto Related.
Parking
16 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
102 ft on 25th St

Amenities

  • Signage

Nearby Major Retailers

Starbucks
Food 4 Less
Chase Bank
Stater Bros.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3053-041-444
Land Assessment
£929,767
Improvements Assessment
£823,662
Total Assessment
£1,753,429
  • Listing ID: 34135902

  • Date on Market: 09/12/2024

  • Last Updated:

  • Address: 37140 25th St E, Palmdale, CA 93550

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