815 E Avenue K
Lancaster, CA 93535
Vallarta Supermarkets · Retail Property For Sale

Strong Performing Single Tenant Vallarta Supermarkets in 100% Leased Neighborhood Center Including Walgreens/Starbucks w/Drive Thru and McDonalds w/Drive Thru Established So. California supermarket chain operator Vallarta Supermarkets (50 in chain) offers an investor stable cash flow from a daily needs grocery anchor tenant that also benefits from tremendous adjacent co-tenant synergy that includes Walgreens, McDonalds, Starbucks, SuperCuts and other nationally or regionally recognized tenants. Long-Term, Passive NNN Lease Offering Passive Income Stream - Ideal 1031 Exchange Property Vallarta Supermarkets is operating under a 20-year NNN lease with approximately ten and a half (10.5) years of term remaining. The lease provides two (2), 5-year options to renew and fixed rental increases every 5 years (base term and options, see Rent Schedule). Proven Supermarket Chain Operator with Strong Regional Presence (50 Locations) California-based Vallarta Supermarkets is a dominant Hispanic-focused grocery chain operating for more than 30 years. The high-growth chain currently operates 49 stores with the majority strategically located in Southern California. In 2016, Vallarta Supermarkets was named the No. 1 Independent Grocer by Supermarket News. Desirable Ethnically Diverse Trade Area Demographics Vallarta Supermarkets and all Challenger Center tenants benefit from convenient access to the center from the densely populated trade area which consists of over 91,390 residents (±39,000 Hispanic) and 36,000 daytime employees in a three (3) mile radius of the property. Access & Proximity to Residential, Major Complimentary Retail, Medical Centers and Schools Located at the busy intersection of E. Avenue K and Challenger Way (41,357 VPD*), the Property provides direct access to State Hwy 14 (78,926 VPD). Avenue K is home to the area’s most prominent retail destinations (±2 miles west) including Lancaster Commerce Center (Target, Ross Dress for Less, 24 Hour Fitness), Lancaster Auto Mall (5 dealerships) and Lancaster Town Center (Lowe’s and WinCo Foods). Antelope Valley Hospital, approximately 3.5 miles from the Property, is the only Level II Trauma Center within 50 miles. The 420-bed hospital employs 2,800 staff members and serves more than 200,000 patients annually.