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5038 W Avenue N
Palmdale, CA 93551
Smart & Final | 14 Year Corporate NNN Lease · Retail Property For Sale
Investment Highlights
- Smart & Final demised the building in 2016 to create two smaller, more attractive footprints and subleased the remaining 17,300 SF to Dollar Tree.
- No landlord or management responsibilities with an Absolute Triple Net lease with over 14 years of term remaining and 2% annual rental increases.
- Anchoring Quartz Hill Plaza and benefiting from a strategic location surrounded by demand drivers, including Del Taco, Carl's Jr., and Walgreens.
- No competitors within a two-mile drive, creating a captive audience out of the residents in the area with visibility to over 23,355 daily drivers.
- Smart & Final is one of the largest supermarket operators in the Western United States with over 250 locations across California, Arizona, and Nevada.
- Within three miles, there is an affluent population of 48,352 residents with an average household income of $110,383 and spending a total of $525.3M.
Property Facts
Property Type
Retail
Property Subtype
Supermarket
Building Size
58,033 SF
Building Class
B
Year Built/Renovated
2004/2016
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.20
Lot Size
6.58 AC
Zoning
PDC3 - Planned Development Commercial
Parking
200 Spaces (3.45 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,718,643 | |
| Land Assessment | $1,752,349 | Total Assessment | $4,470,992 |
Property Taxes
Parcel Numbers
Land Assessment
$1,752,349
Improvements Assessment
$2,718,643
Total Assessment
$4,470,992
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