1161 W Rancho Vista Blvd
Palmdale, CA 93551
El Torito Mexican Grill · Retail Property For Sale

El Torito - Absolute NNN - 15 Year Corporate Lease Brand New 15 Year Lease Extension - 10% Increases Every 5 Years. Outparcel to Antelope Valley Mall. Real Mex Restaurants Include El Torito, Chevy's, Acapulco, Pink Taco, and Las Brisas. We are pleased to offer to qualified investors an opportunity to purchase a single tenant investment that is fully leased to El Torito on a brand new 15 year corporate lease extension with fixed rental increases of 10% every 5 years; providing an investor with strong inflation protection and long-term stable cash flow backed by proven sales volumes. This is an absolute NNN lease with 3 - 5 Year option periods and 10% increases at each option renewal. The property is comprised of a 6,540 square foot building and sits on an approximate 43,617 square foot lot size. The property is located as an out parcel on the north side of the Antelope Valley Mall, and receives considerable traffic as it is located by major stores and other restaurants. The trade area is densely populated with an average household income of $88,965 within a 1-Mile Radius. The Antelope Valley mall consists of over 1,000,000 square feet and contains major tenants such as Sears, Macy' s, Dicks, Forever 21, Dillard' s, 24 Hour Fitness, CineMark and many other major retail and restaurant chains.