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Auto Dealership

Rally Auto Group - Buick, Cadillac, GMC

39012 Carriage Drive, Palmdale, CA 93551

Listing Price: $4,824,865

Cap Rate
7.00%
Tenant Name
Rally Auto Group, Inc.
Years Remaining On Lease
7.2
Gross SF
36,341
Guarantor
Corporate Guarantee
Rentable SF
36,341
Price/Gross SF
$132.77
Lease Type
Absolute Net
Rent Per Square Feet
$9.29

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rally Auto Group portfolio located in Palmdale, California. The sites consist of roughly 80,500 rentable square feet of building space located on estimated 16.03 acres of land. The Rally Auto Group properties are subject to a 15-year absolute triple-net (NNN) master lease, which commenced November 12, 2013. The current annual rent is $974,142 and is scheduled to increase by two and one-half percent annually. There is one, ten-year tenant renewal option. The lease is guaranteed by Rally Auto Group Inc.

Investment Highlights

  • Three Properties Under a Long-Term, 15-Year Absolute Triple Net (NNN) Master Lease
  • Approximately 9.3 Years Remaining
  • Has Two and One-Half Percent Annual Rental Increases
  • Located Approximately 40 Miles Outside of Downtown Los Angeles, CA
  • Strong Demographics | Population Within a Five Mile Radius Exceeds 120,000
  • Rally Auto Group - Established in 1929 in Lancaster, California

Exclusively Listed By

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s) CA: 01253407

    California

Auto Dealership

Rally Auto Group - Buick, Cadillac, GMC

Listing Price: $4,824,865

Cap Rate
7.00%
Tenant Name
Rally Auto Group, Inc.
Years Remaining On Lease
7.2
Gross SF
36,341
Guarantor
Corporate Guarantee
Rentable SF
36,341
Price/Gross SF
$132.77
Lease Type
Absolute Net
Rent Per Square Feet
$9.29

Investment Highlights

  • Three Properties Under a Long-Term, 15-Year Absolute Triple Net (NNN) Master Lease
  • Approximately 9.3 Years Remaining
  • Has Two and One-Half Percent Annual Rental Increases
  • Located Approximately 40 Miles Outside of Downtown Los Angeles, CA
  • Strong Demographics | Population Within a Five Mile Radius Exceeds 120,000
  • Rally Auto Group - Established in 1929 in Lancaster, California

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rally Auto Group portfolio located in Palmdale, California. The sites consist of roughly 80,500 rentable square feet of building space located on estimated 16.03 acres of land. The Rally Auto Group properties are subject to a 15-year absolute triple-net (NNN) master lease, which commenced November 12, 2013. The current annual rent is $974,142 and is scheduled to increase by two and one-half percent annually. There is one, ten-year tenant renewal option. The lease is guaranteed by Rally Auto Group Inc.

Exclusively Listed By

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s): CA: 01253407

    California

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