Grocery Store
Smart & Final
5038 W Ave N, Palmdale, CA 93551
Listing Price: $25,583,832
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
Broker of Record
Listing Price: $25,583,832
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
Broker of Record
