Walgreens-Anchored Shopping Center in Santa Clarita 28460 Haskell Canyon Road, CA Cap Rate 5.27% Santa Clarita ( California, US ) Built

$8,000,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 18,345 sq. ft.
  • Development Level: Built
  • Lot Size: 76847 acres
  • Year Built: 2006

Description

Walgreens-Anchored Shopping Center in Santa Clarita 28460 Haskell Canyon Road, CA Cap Rate 5.27%

Cap Rate: 5.27%
Building Size: 18,345 sqft
Lot Area: 76,847 sqft
Lease Type: Triple Net
Year Built: 2006
Price Per Sqft: $436
Zoning: SCCN
Parking Spots: 81
Roof: Tenant Responsibility
Insurance: Tenant Responsibility
Utilities: Tenant Responsibility

Price: $8,000,000 USD

DESCRIPTION
Marcus & Millichap, as exclusive advisor, is pleased to present the fee simple interest in Canyon Heights (the “Property”), a Walgreens-anchored multi-tenant retail strip center in Santa Clarita, California. Located at 28460 Haskell Canyon Road, Santa Clarita, the Property benefits from its dense infill neighborhood location. Santa Clarita is the third largest city in Los Angeles County and is located approximately 30 miles northwest of Los Angeles. Santa Clarita is ranked as one of the top 10 safest cities in California and as the 18th best place to live in the United States.

The Property consists of five total units, including the anchor tenant, Walgreens. The Property is a total of 18,345 square feet, situated on a 1.76 acres lot at the intersection of Copper Hill Drive and Haskell Canyon Road. The Property is currently 100% occupied making this stabilized asset an ideal opportunity for any invester. Built in 2006, the Property consists of all NNN leases with all tenants having a minimum of three years remaining and multiple tenants exercising their option periods.

This passive investment property presents an amazing opportunity with the security of a long-term net lease and the additional income of service-oriented tenants, including 3% annual escalations. The anchor tenant, Walgreens, is equipped with a double drive-thru and signed a 75-year lease in 2006, with the base term through 2031. Walgreens operates approximately 9,560 drugstores nationwide with a presence in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

HIGHLIGHTS
• Trophy Los Angeles County Walgreens-Anchored Shopping Center
• Long Term Lease with Corporate Guarantee
• Secure Cash Flow with Upside Potential
• Premium Location with Strong Demographics
• Strong Store Performance

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.