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5038 W Avenue N
Palmdale, CA 93551
Retail Property For Sale
Investment Highlights
- Original Long Term 20-Year Absolute Triple Net (NNN) Lease; 13 Years Remaining
- Tenant Renewal Options: Two (2) Periods of Ten (10) Years, Each bringing the Potential Lease Term to 33 Years Remaining
- Attractive 2% Annual Rental Increases; Strong Inflation Hedge
Property Facts
Property Type
Retail
Building Size
58,043 SF
Building Class
B
Year Built
2004
Tenancy
Multiple
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 | $15,916,117 | |
| Land Assessment | $7,464,145 | Total Assessment | $23,380,262 |
Property Taxes
Parcel Numbers
Land Assessment
$7,464,145
Improvements Assessment
$15,916,117
Total Assessment
$23,380,262
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