37160 47th St E | Palmdale, CA 93552
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- LoopNet Team
37160 47th St E
Palmdale, CA 93552
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment-Grade Tenant, NNN Lease - Walgreens (S&P:BBB) is responsible for 100% for costs of repairs, maintenance, CAM, insurance and taxes
- Passive Investment - Under lease, landlord has zero responsibility for maintenance, repairs, CAM, insurance and taxes
- Strong & Diverse Retail Corridor w/ Minimal Competition - Nearby retailers include Walmart, Lowe’s, Stater Bros., Starbucks, and others
- High-Performing Growth Tenant - Walgreens (S&P: BBB) had Net Sales of $139.5 Billion in 2020, representing a 2.0% increase over the prior year
- Prominent Retail Location with Excellent Access and Visibility - Located at signalized intersection in front of Walmart Supercenter
- Long-Term Occupancy - Walgreens has operated at the property for 19 years and the lease has 5.5 years of primary term remaining
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,742 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
1.00 AC
Zoning
PDC3
Parking
80 Spaces (6.33 Spaces per 1,000 SF Leased)
Frontage
283’ on 47th
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 3051-046-009 | Improvements Assessment | $4,085,650 |
| Land Assessment | $1,326,510 | Total Assessment | $5,412,160 |
PROPERTY TAXES
Parcel Number
3051-046-009
Land Assessment
$1,326,510
Improvements Assessment
$4,085,650
Total Assessment
$5,412,160
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