Auto Dealership

Rally Auto Group - Auto Mall Collision

38958 Carriage Way, Palmdale, CA 93551

Listing Price: $5,769,094

Cap Rate
6.75%
Tenant Name
Rally Auto Group, Inc.
Years Remaining On Lease
8.10
Gross SF
15,552
Guarantor
Corporate Guarantee
Rentable SF
15,552
Price/Gross SF
$370.96
Lease Type
Absolute Net
Rent Per Square Feet
$25.04

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

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

Exclusively Listed By

Broker of Record

  • Jim Markel

    Vice President / Regional Manager

    License(s): CA: 01253407

    California

Auto Dealership

Rally Auto Group - Auto Mall Collision

Listing Price: $5,769,094

Cap Rate
6.75%
Tenant Name
Rally Auto Group, Inc.
Years Remaining On Lease
8.10
Gross SF
15,552
Guarantor
Corporate Guarantee
Rentable SF
15,552
Price/Gross SF
$370.96
Lease Type
Absolute Net
Rent Per Square Feet
$25.04

Investment Highlights

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

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

    Vice President / Regional Manager

    License(s): CA: 01253407

    California

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