124 W Nugent St Local commercial 372 m² À vendre Lancaster, CA 93534 913 522 € (2 458,27 €/m²) Taux de capitalisation 6,58 %

For Sale: Prime Single-Tenant Commercial Investment
124 W Nugent St, Lancaster, CA 93534
Asking Price: $1,049,000
CAP Rate: 6.28%
Building Size: 4,000 SF
Lot Size: 9,518 SF
Zoning: LRM1
Year Built: 1989
Investment Summary
An excellent opportunity to acquire a stabilized, single-tenant commercial property in the heart of Lancaster. Fully leased to Executive Auto Body & Paint, this 4,000 SF building generates reliable income backed by a long-term lease and built-in annual rent escalations.
Tenant: Executive Auto Body & Paint (Established Business)
Occupancy: 100% (Single Tenant)
Lease Commencement: August 15, 2024
Initial Lease Term: 5 Years (Expires August 15, 2029)
Renewal Option: One 5-Year Option
Base Rent: $5,700/month ($68,400/year)
Annual Increases: 3%
Property Tax Pass-Through: Tenant responsible for any increase above 2023/2024 base year property tax
Utilities: Separately metered (electric, water, gas)
Restrooms: 3 separate bathrooms
Financial Highlights
Net Operating Income (Year 1): $68,400
Asking Price: $1,099,000
Capitalization Rate (CAP): 6.28%
CAP Rate is based on Year 1 NOI. Rent includes property taxes.
Property Features
High visibility and accessibility
Located in a growing commercial corridor
Concrete block construction
Ample on-site parking
Strong local tenant with renewal flexibility
Location Overview
Situated near key transit routes in Lancaster, CA, this property offers strategic access and visibility within a stable and developing area. The LRM1 zoning provides flexibility for long-term use or future redevelopment.