Auto Dealership
Rally Auto Group - Kia
438 Auto Vista Drive, Palmdale, CA 93551
Listing Price: $4,824,865
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.
Rally Auto Group - Kia
Investment Highlights
- 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
- Three Properties Under a Long-Term, 15-Year Absolute Triple Net (NNN) Master Lease
- Approximately 9.3 Years Remaining
- Rally Auto Group - Established in 1929 in Lancaster, California
Exclusively Listed By
Auto Dealership
Rally Auto Group - Kia
Listing Price: $4,824,865
Investment Highlights
- 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
- Three Properties Under a Long-Term, 15-Year Absolute Triple Net (NNN) Master Lease
- Approximately 9.3 Years Remaining
- 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
