Commercial Property

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.