43545 13Th StLancaster, CA 93534

Property Details for 43545 13Th St

Year built

1986

Lot size

2.75 AC

Property size (Sq ft)

47,176 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional 47,176 square foot shopping center in Lancaster, CA, presents a compelling investment opportunity. Boasting a 7.00% cap rate and a low price per square foot of $237.81, this property is significantly below replacement cost. The center is 100% occupied by five strong corporate tenants: Ross, Big 5, and H&R Block, among others, providing a stable income stream with long-term leases. The property features a single, one-story building constructed in 1986 and renovated in 2021, situated on a 2.75-acre lot. The tenants benefit from a prime location in Los Angeles County, serving a substantial population within a 5-mile radius with an average household income exceeding $91,000. The investment is further strengthened by corporate guarantees and a strong credit rating (A2 Stable (Moody's) BBB+ Stable (S&P)). This fee-simple ownership opportunity offers significant upside potential with low rents and irreplaceable location. The property's Net Operating Income (NOI) is $785,311, making it an attractive addition to any portfolio. The asking price is $11,219,000.

Location Insight

City

Lancaster

County

Los Angeles

State

California

Latitude

34.6741

Longitude

-118.155

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