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Shops to Target | Lancaster, CA 43403 10th St W 9,132 SF 100% Leased Retail Building Lancaster, CA 93534 $4,890,000 ($535.48/SF) 6.75% Cap Rate
Investment Highlights
- Shadow-Anchored by Target (NYSE: TGT): The property is positioned directly within the Lancaster Commerce Center
- Surrounding power center co-tenants include Burlington, Crunch Fitness, Big 5 Sporting Goods, 24 Hour Fitness, Lowe’s, WinCo Foods and more
- Primary Tenant, Safelite Auto (±3,927 SF): National investment-grade credit tenant in occupancy since June 1995
- The Lancaster Target has operated at this location for over two decades and represents the only Target location in the city of Lancaster
- 100% Occupied — Stable, Long-Tenured Tenant Mix With Contractual Rent Growth
- Strategic Freeway-Adjacent Positioning: The property benefits from immediate access to State Route 14 (Antelope Valley Freeway)
Executive Summary
100% Occupied Long Tenured Tenants | Shadow-Anchored by Target | 55,572 CPD Intersection Commerce & 10th
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,132 SF
Building Class
C
Year Built/Renovated
1992/2021
Price
$4,890,000
Price Per SF
$535.48
Cap Rate
6.75%
NOI
$330,075
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.70 AC
Zoning
GC - General Commercial
Frontage
200’ on W 10TH ST
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cloud Smoke Shop
- Retailer
- -
- -
- -
- Daisy Massage
- Services
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- -
From the beginning, their founder, Young Lee, set out to serve the kind of food he’d be proud to feed his own family. That passion has fueled Young’s mission to make healthy food available to everyone, one bowl at a time. They are a family-owned business, committed to using real, good-for-you ingredients, bold flavors, and friendly service to satisfy your appetite. They figure when you’re dedicated to doing things the right way, goodness spreads like fire.
- Poke Ramen
- Accommodation and Food Services
- -
- -
- -
- The Cloud House
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cloud Smoke Shop | Retailer | - | - | - | ||
| Daisy Massage | Services | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - | ||
| Poke Ramen | Accommodation and Food Services | - | - | - | ||
| The Cloud House | - | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3125-021-083 | Improvements Assessment | $1,200,550 |
| Land Assessment | $80,315 | Total Assessment | $1,280,865 |
Property Taxes
Parcel Number
3125-021-083
Land Assessment
$80,315
Improvements Assessment
$1,200,550
Total Assessment
$1,280,865
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Shops to Target | Lancaster, CA | 43403 10th St W