Burger King NNN
38137 47th Street East, Palmdale, CA 93552
For Sale
Contact for pricing
The site is occupied under an absolute NNN ground lease with scheduled rent increases.
Property SizeContact for details
Days on Market21
Property Features for 38137 47th Street East
General Information
Standard status
Property subtype
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Newmark | Los Angeles - Downtown
Listed By:
Kyle Miller · License #NV S.0196952
(310) 227-0826
Source:
Crexi
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 5:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Los Angeles - Downtown
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Investment Insights
Based on property information with market context.
Built for Burger King in 2007, this restaurant occupies a pad at 47th Street Pavilion. The property is subject to a 20-year ground lease on an absolute NNN basis, with fixed 10% increases at five-year intervals.
The pad sits in front of Home Depot, at the primary signalized entrance from 47th Street. Other named retailers and services at the center include Super Target, Ross, dd’s Discounts, PetSmart, Bank of America, Wells Fargo, Starbucks, Pacific Dental and High Desert Medical Group.
The pad sits in front of Home Depot, at the primary signalized entrance from 47th Street. Other named retailers and services at the center include Super Target, Ross, dd’s Discounts, PetSmart, Bank of America, Wells Fargo, Starbucks, Pacific Dental and High Desert Medical Group.
Key Highlights
- Burger King restaurant pad built in 2007
- Absolute NNN ground lease with a 20‑year term
- Fixed 10% rent increases every five years
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
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Business Placement
Demographics for 93552, CA
42,468
Population
11,329
Households
3.7
Avg Household Size
32
Median Age
12%
College-Educated
76%
High-School Grad
38.4 sq mi
ZIP Area
1,106
Density / Sq Mi
$84,894
Median Household Income
$39,764
Median Earnings
$1,851
Median Rent
$414,600
Median Home Value
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Market
Average Price Trend$/SF for NNN properties in Los Angeles County, CA
Properties on Market for NNN properties in Los Angeles County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - The site is occupied under an absolute NNN ground lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 38137 47th Street East Palmdale, CA.
What is the asking price?
The asking price for this property is $2,860,000.
What are key features of this property?
This property features: Burger King restaurant pad built in 2007; Absolute NNN ground lease with a 20‑year term; Fixed 10% rent increases every five years
