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Grocery Store

Smart & Final

5038 W Ave N, Palmdale, CA 93551

Listing Price: $25,583,832

Cap Rate
4.75%
Tenant Name
Smart & Final
Years Remaining On Lease
12.8
Guarantor
Corporate Guarantee
Rentable SF
58,043
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.94

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Smart & Final located at 5038 West Avenue North in Palmdale, California. The site was constructed in 2004 and consists of roughly 58,043 rentable square feet of building space on estimated 5.94-acre parcel of land. This Smart & Final is subject to an original long term, 20-year triple-net (NNN) lease, which commenced on 12/18/2015. The current annual rent is$1,215,232. There are Two (2), Ten (10)-year tenant renewal options.

Investment Highlights

  • The 8th Most Trafficked Smart & Final According to Placer AI
  • Original Long Term 20-Year Absolute Triple Net (NNN) Lease; 13 Years Remaining
  • Attractive 2% Annual Rental Increases; Strong Inflation Hedge

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s) CA: 01253407

    California

Grocery Store

Smart & Final

Listing Price: $25,583,832

Cap Rate
4.75%
Tenant Name
Smart & Final
Years Remaining On Lease
12.8
Guarantor
Corporate Guarantee
Rentable SF
58,043
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.94

Investment Highlights

  • The 8th Most Trafficked Smart & Final According to Placer AI
  • Original Long Term 20-Year Absolute Triple Net (NNN) Lease; 13 Years Remaining
  • Attractive 2% Annual Rental Increases; Strong Inflation Hedge

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Smart & Final located at 5038 West Avenue North in Palmdale, California. The site was constructed in 2004 and consists of roughly 58,043 rentable square feet of building space on estimated 5.94-acre parcel of land. This Smart & Final is subject to an original long term, 20-year triple-net (NNN) lease, which commenced on 12/18/2015. The current annual rent is$1,215,232. There are Two (2), Ten (10)-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s): CA: 01253407

    California

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