28083 Newhall Rnch Rd Santa Clarita, CA 91355-4046

Property Details for 28083 Newhall Rnch Rd

Year built

2004

Construction

WOOD

Lot size

1.13 lot acres

Property size

2,595 SF

Zone code

SCCC

Property type

Drive through restaurants

APN

2866-040-009

APU

2866040009

Description

This exceptional investment opportunity presents a single-tenant, 2,595 square foot Jack in the Box located in the affluent Santa Clarita, California market. The property, built in 2004, sits on a 1.138-acre lot at the hard corner of Newhall Ranch Rd. and Rye Canyon Rd., benefiting from high visibility as an outparcel to a major Home Depot. The property boasts a strong location within a dense retail corridor including Walmart, Smart & Final, and other national brands. The Absolute NNN lease, with a credit-rated tenant, commenced June 12, 2003, and has a remaining term until June 12, 2028, with one five-year renewal option. The current annual net operating income (NOI) is $109,808, representing a 4.75% cap rate. The asking price is $2,311,000. The property is zoned SCCC and features a single, one-story building with 100% occupancy. The significantly below-market rent provides substantial future upside potential, particularly considering the strong demographics of Santa Clarita, with average household incomes exceeding $173,000 annually. This presents a rare opportunity to acquire a well-positioned, passively managed QSR investment with a long-term, creditworthy tenant and significant growth potential. The property's location, tenant history, and lease terms combine to offer a compelling investment proposition. The low price point further enhances its attractiveness in this dynamic submarket.

Location Insight

City

Santa Clarita

County

Los Angeles

State

California

Longitude

-118.575

Latitude

34.4419

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments