23650 Lyons Ave | Santa Clarita, CA 91321
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23650 Lyons Ave
Santa Clarita, CA 91321
Del Taco · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recent Ten (10)-Year Lease Extension with Options - Del Taco executed a new long-term lease.
- Rare Fifteen Percent (15%) Rental Increases - The rent increases every five (5) years providing superior rental growth.
- Out-Parcel to a Grocery-Anchored Shopping Center - Conveniently located as an out-parcel to a Smart & Final-anchored shopping center.
- Long-Term Tenant - Del Taco has been operating at this location for over 40 years and has shown commitment to this location.
- Lower Price Point Corporate Guarantee - Fully stabilized drive-thru product in Southern California is an extremely competitive market.
- Below Market Rents - The Tenant is currently paying below market rents, mitigating risk and allowing for upside in future rental income.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,876 SF
Building Class
B
Year Built
1983
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.32 AC
Zoning
SCCP
Parking
10 Spaces (5.33 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 2830-001-015 | Improvements Assessment | $357,000 |
| Land Assessment | $1,683,000 | Total Assessment | $2,040,000 |
PROPERTY TAXES
Parcel Number
2830-001-015
Land Assessment
$1,683,000
Improvements Assessment
$357,000
Total Assessment
$2,040,000
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