1070 W Avenue K | Lancaster, CA 93534
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1070 W Avenue K
Lancaster, CA 93534
Burlington · Retail Property For Sale
Investment Highlights
- PREMIER TENANT - Burlington (NYSE: BURL) is an American national off-price department store retailer with more than 1,000 stores in 46 states.
- FAVORABLE RENEWAL TERMS & ATTRACTIVE NOI GROWTH - Renewal options will vary by state.
- APPEALING RENTAL RATES AND BASIS - Burlington is leased below market rents at an annual rate of $10.04 PSF.
- OPTIMAL NET-LEASE STRUCTURE - The Properties feature twenty (20)-year individual absolute net-leases.
- STRONG REAL ESTATE FUNDAMENTALS - Characteristically situated amid retail corridors or within robust industrial hubs.
- FREE & CLEAR OF FINANCING - The Properties will be transferred free and clear of debt.
Property Facts
Property Type
Building Size
32,890 SF
Building Class
C
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
2.39 AC
Zoning
C-2, Lancaster - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
96 Spaces (2.92 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 3125-021-029 | Improvements Assessment | $4,696,080 |
| Land Assessment | $1,815,600 | Total Assessment | $6,511,680 |
Property Taxes
Parcel Number
3125-021-029
Land Assessment
$1,815,600
Improvements Assessment
$4,696,080
Total Assessment
$6,511,680
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