2058 Avenue JLancaster, CA 93536

Property Details for 2058 Avenue J

Lot size

3.41 AC

Property size (Sq ft)

47,730 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

This exceptional 47,730 square foot retail investment opportunity in Lancaster, CA, presents a compelling opportunity for discerning investors. The portfolio comprises three buildings totaling 47,730 square feet on a 3.41-acre lot, situated at a high-traffic, signalized intersection of W Avenue J and 20th Street West, experiencing over 58,800 vehicles daily. The property boasts 100% occupancy with a diverse tenant mix including a high-performing CVS Pharmacy (25,500 sq ft), a fully enrolled daycare center, "A Place of Our Own Learning Academy" (14,111 sq ft), and a collection of shops (8,119 sq ft). The CVS location, operating for nearly two decades, consistently ranks among the nation's busiest, generating nearly $20 million in sales last year with a low rent-to-sales ratio of 1.24%. The daycare benefits from a strong operator and personal guarantee. The multi-tenant shops are 100% leased under NNN leases and enjoy excellent co-tenancy with nearby businesses such as Smart & Final, DD's Discounts, AT&T, Western Dental, and Supercuts. The property's strategic location offers outstanding freeway access, enhanced by recently constructed on and off-ramps. Strong demographics, with over 167,000 residents within a 5-mile radius and an average household income exceeding $82,000, further solidify this investment's potential. The portfolio is offered at $14,480,000 with a 6.15% cap rate, representing a stabilized investment with credit-rated tenants and corporate guarantees. The property's exceptional performance, prime location, and strong tenant base make it an ideal acquisition. Year-over-year traffic growth demonstrates the property's enduring appeal, with increases of 33.5%, 38.7%, and 45.1% over the past one, two, and three years respectively. This is a rare opportunity to acquire a high-performing, stabilized retail portfolio in a thriving market.

Location Insight

City

Lancaster

County

Los Angeles

State

California

Latitude

34.6883

Longitude

-118.166

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