28460 Haskell Canyon Road | Santa Clarita
Status: For Sale
Property Type: Retail
Price: $8,000,000
GLA: 18,345 SF
Price/SF: $436
Cap Rate: 5.47%
Investment Opportunity
Located at 28460 Haskell CanyonRoad, Santa Clarita, the Property benefits from its dense infill neighborhood location. Santa Clarita is the third largest city in Los Angeles County and is located approximately 30 miles northwest of Los Angeles. Santa Clarita is ranked one of the top 10 safest cities in California and as the 18th best place to live in the United States.
The Property consists of five total units, including the anchor tenant, Walgreens. The Property is a total of 18,345 square feet, situated on a 1.76 acres lot at the intersection of Copper Hill Drive and Haskell Canyon Road. The Property is currently 100% occupied. Built in 2006, the Property consists of all NNN leases with all tenants having a minimum of three years remaining and multiple tenants exercising their option periods. This passive investment property presents an amazing opportunity with the security of a long-term net lease and the additional income of service-oriented tenants, including 3% annual escalations. The anchor tenant, Walgreens, is equipped with a double drive-thru and signed a 75-year lease in 2006, with the base term through 2031. Walgreens operates approximately 9,560 drugstores nationwide with a presence in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
