48043 90Th St Lancaster, CA 93536
- Retail properties
- 10,640 SF
- 2.38 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Discount Store
Property Details for 48043 90Th St
- Year built
- 2023
- Lot size
- 2.38 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, single-story Dollar General retail building in Lancaster, California. The 10,640-square-foot property sits on a 2.38-acre lot and boasts 43 on-site parking spaces. Leased to Dollar General under a 15-year absolute NNN lease commencing April 1, 2024, this property offers exceptional stability and predictable cash flow. The lease includes three 5-year renewal options with a 10% rent increase at the beginning of each option. The current annual rent is $164,736, resulting in a 6.50% cap rate. The property benefits from a corporate guarantee, ensuring tenant reliability. Located in Los Angeles County, this site enjoys a high average household income of $136,497 within a 3-mile radius and a population of 134,759 within 10 miles, indicating strong market demand. Built in 2023, this Class A property is 100% occupied and represents a secure, long-term investment with significant upside potential. The property is conveniently located approximately 66 miles from Hollywood Burbank Airport (BUR) and 90 miles from Ontario International Airport (ONT). This is a rare opportunity to acquire a high-quality, net-leased retail property anchored by a nationally recognized tenant in a thriving market. The property's strong fundamentals, coupled with the long-term lease and built-in rent increases, make it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Los Angeles
- State
- California
- Longitude
- -118.291
- Latitude
- 34.7555
