For Sale
$2,311,000

28083 Newhall Ranch RdSanta Clarita, CA 91355

Santa Clarita, CA: High-return QSR opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a single-tenant, 2,595 square foot Jack in the Box located in the affluent Santa Clarita, California market. The property, built in 2004, sits on a 1.138-acre lot at the hard corner of Newhall Ranch Rd. and Rye Canyon Rd., benefiting from high visibility as an outparcel to a major Home Depot. The property boasts a strong location within a dense retail corridor including Walmart, Smart & Final, and other national brands. The Absolute NNN lease, with a credit-rated tenant, commenced June 12, 2003, and has a remaining term until June 12, 2028, with one five-year renewal option. The current annual net operating income (NOI) is $109,808, representing a 4.75% cap rate. The asking price is $2,311,000. The property is zoned SCCC and features a single, one-story building with 100% occupancy. The significantly below-market rent provides substantial future upside potential, particularly considering the strong demographics of Santa Clarita, with average household incomes exceeding $173,000 annually. This presents a rare opportunity to acquire a well-positioned, passively managed QSR investment with a long-term, creditworthy tenant and significant growth potential. The property's location, tenant history, and lease terms combine to offer a compelling investment proposition. The low price point further enhances its attractiveness in this dynamic submarket.

Highlights

  • 2,595 SF Jack in the Box on a 1.138-acre lot in Santa Clarita, CA. The property is 100% leased to a credit-rated tenant (Jack in the Box) under an Absolute NNN lease.
  • Absolute NNN ground lease with no landlord responsibilities; tenant pays all taxes, CAM, and insurance. Built in 2003, the lease expires June 12, 2028, with one 5-year renewal option.
  • High-visibility location at the hard corner of Newhall Ranch Rd. and Rye Canyon Rd., outparceled to a Home Depot, and surrounded by strong national retailers (Walmart, Smart & Final, etc.).
  • Below-market rent of $109,807 annually, offering significant upside potential. Current cap rate is 4.75%; asking price is $2,311,000.
  • Strong demographics in Santa Clarita, with average household incomes exceeding $173,000. The property presents a low-price-point, passively managed QSR investment opportunity with substantial growth potential.

Property Details for 28083 Newhall Ranch Rd

Property type
Retail properties
Square Feet
2,595 SF
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
49,571 SF
Units
1

Location Insight

City
Santa Clarita
County
Los Angeles
State
California
Latitude
34.441840772042
Longitude
-118.57516279185
28083 Newhall Ranch Rd, Santa Clarita, California

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28083 Newhall Ranch Rd
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