1226 Commerce Center Dr Lancaster, CA 93534

Property Details for 1226 Commerce Center Dr

Lot size

1.95 lot acres

Property size

23,404 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 23,404-square-foot freestanding retail building located at 1226 Commerce Center Dr, Lancaster, CA 93534. The property boasts a 7.25% cap rate and a strong net operating income (NOI) of $259,050, with a long-term, single-tenant net lease (NNN) to a credit-rated, corporate-guaranteed tenant, The Hope of the Valley Thrift Store, extending until August 31, 2031, with a 5-year renewal option. The tenant occupies the entire building at 100% occupancy. The property features 120+ linear feet of frontage along CA Highway 14, benefiting from high daily traffic counts exceeding 177,500 vehicles. Built in 2020, the building is well-maintained with minimal deferred maintenance. The lease includes annual rent bumps, providing built-in income growth. The current rent is below market rate at $0.92 per square foot. Situated on a 1.95-acre lot, this property is surrounded by a thriving retail environment, including national and regional retailers such as Target, 24 Hour Fitness, and many others. The property benefits from a strong market with a growing population and high average household incomes within a 3- and 5-mile radius. This is an ideal investment for passive investors seeking a secure, high-yield, and low-maintenance asset with significant upside potential. The property's location and tenant strength make it a compelling investment opportunity. The Los Angeles County Assessor's Parcel Number (APN) is 312-502-1092.