Listing Summary
For Sale: Express Car Wash Single-Tenant Investment Opportunity
Address: 144 E Palmdale Blvd, Palmdale, CA 93550
Asking Price: $1,900,000
Cap Rate: 6.5%
Please do not contact anyone at this location.
Investment Highlights:
Stable Long-Term Lease:
Monthly Rent: $10,300.
Rent Escalation: 2% increase every 24 months.
Lease Term: 10 years with two 5-year renewal options (5+5).
Full Description
For Sale: Express Car Wash Single-Tenant Investment Opportunity
Address: 144 E Palmdale Blvd, Palmdale, CA 93550
Asking Price: $1,900,000
Cap Rate: 6.5%
Please do not contact anyone at this location.
Investment Highlights:
Stable Long-Term Lease:
Monthly Rent: $10,300.
Rent Escalation: 2% increase every 24 months.
Lease Term: 10 years with two 5-year renewal options (5+5).
Triple Net Lease (NNN): Tenant responsible for property taxes, insurance, and maintenance.
Projected Expenses:
Property Taxes: $2,333/month.
Insurance: $1,500/month.
Total Expenses: $14,250/month, covered by tenant.
Property Features:
Lot Size: 29,000 Sq. Ft. (0.66 AC).
Building Size: 5,400 Sq. Ft.
Year Built: 1994.
Modern Facility: Recently remodeled with state-of-the-art equipment and infrastructure.
Prime Location:
Strategically located on Palmdale Blvd with easy access from Fwy-14.
Adjacent to a high-traffic IN-N-OUT Burger, ensuring consistent visibility and customer flow.
New traffic signal installation at the intersection for improved access and traffic management.
Why Invest in This Opportunity?
Reliable Income Stream: Long-term lease with built-in rent escalations ensures steady income and growth potential.
Passive Investment: Triple Net Lease terms minimize owner responsibilities.
Desirable Tenant Profile: Express Car Wash with a proven track record and high-performance metrics.
Thriving Location: Situated in a high-growth area with strong retail and residential demand.
Terms & Confidentiality:
A signed NDA and proof of funds are required for access to lease agreements and financial details.
Please refrain from contacting anyone at the location to maintain confidentiality.
This is a rare opportunity to acquire a single-tenant NNN investment property with a strong tenant and favorable lease terms.
For inquiries, please contact us directly.
Quick Glance
- Listing ID:
CL-California-13618
- Status:
Active
- Year Build:
1994
- Building Size:
28,786 SqFt
- Lot Size:
28,786.00 Acre