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- LoopNet Team
564 E Palmdale Blvd
Palmdale, CA 93550
Jack In The Box | Corporate Guarantee · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE NET LEASE Tenant pays for CAM, taxes, insurance and all maintenance and repairs for the property
- RENTAL INCREASES 8% increases every 5 years
- SIGNALIZED HARD CORNER High visibility with ease of access and drive-thru, Desirable location in close proximity to highways
- STRONG SALES Long term tenant, corporate guarantee
- STRONG DEMOGRAPHICS Population of 138,911 within 5 miles
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 564 E PALMDALE BLVD , PALMDALE, CA 93550
Cushman & Wakefield is pleased to offer the opportunity to acquire the fee simple interest in an absolute triple-net leased, corporate guaranteed Jack in the Box property in Palmdale, California. The long term tenant has an original lease term of 18 years, with 2.4 years remaining and four 5-year options to extend. The lease features 8% rent increases every 5 years throughout the original lease term and at the beginning of each option period, providing for a great hedge against inflation. The asset consists of a 2176 SF freestanding building equipped with a drive-thru on a 0.51 AC lot, that is located on the signalized hard corner of E Palmdale Blvd and 6th St E with close proximity to highways. This property offers high visibility and ease of access. The local area has a total population of 138,911 within 5 miles with demographics that meet the ideal target market of Jack in the Box, contributing to the store’s strong sales performance.
PROPERTY TAXES
| Parcel Number | 3009-007-024 | Improvements Assessment | $2,273,106 |
| Land Assessment | $616,985 | Total Assessment | $2,890,091 |
PROPERTY TAXES
