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Property summary
This exceptional investment opportunity presents a fee-simple ownership of a top-performing Caliber Collision center in Palmdale, California. Located at 40360 La Quinta Ln, 93551, this single-story, 20,015 square foot building sits on a 2.35-acre lot. Built in 2007 and renovated in 2018, the property boasts a 15-year net lease with a corporate guarantee from Caliber Collision, the nation's largest collision repair company. The lease, currently at 100% occupancy, includes annual rent bumps of 2% and a significant 10% increase at year nine, resulting in a remarkable 42.3% total rent growth over the primary term. The current asking price is $5,300,000, representing a price per square foot of $264.80 and a 5.10% cap rate with a current NOI of $270,279. The lease features two, five-year renewal options. This location consistently ranks in the 93rd percentile of all Caliber Collision centers nationwide based on customer visits, demonstrating exceptional performance and strong tenant commitment. The property benefits from a large population base exceeding 170,900 within a five-mile radius. This is a rare opportunity to acquire a high-performing, long-term net lease asset with substantial built-in rent growth.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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Auto Repair Shop
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(Bike/Boat/Book/etc) Store Printing Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Palmdale market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
PDM4* · Palmdale, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PDM4* in Palmdale, CA.
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