48043 90Th StLancaster, CA 93536

Property Details for 48043 90Th St

Year built

2023

Lot size

2.38 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, single-story Dollar General retail building in Lancaster, California. The 10,640-square-foot property sits on a 2.38-acre lot and boasts 43 on-site parking spaces. Leased to Dollar General under a 15-year absolute NNN lease commencing April 1, 2024, this property offers exceptional stability and predictable cash flow. The lease includes three 5-year renewal options with a 10% rent increase at the beginning of each option. The current annual rent is $164,736, resulting in a 6.50% cap rate. The property benefits from a corporate guarantee, ensuring tenant reliability. Located in Los Angeles County, this site enjoys a high average household income of $136,497 within a 3-mile radius and a population of 134,759 within 10 miles, indicating strong market demand. Built in 2023, this Class A property is 100% occupied and represents a secure, long-term investment with significant upside potential. The property is conveniently located approximately 66 miles from Hollywood Burbank Airport (BUR) and 90 miles from Ontario International Airport (ONT). This is a rare opportunity to acquire a high-quality, net-leased retail property anchored by a nationally recognized tenant in a thriving market. The property's strong fundamentals, coupled with the long-term lease and built-in rent increases, make it an ideal addition to any investment portfolio.

Location Insight

City

Lancaster

County

Los Angeles

State

California

Latitude

34.7555

Longitude

-118.291

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