23650 Lyons Avenue

Description:

Recent Ten (10)-Year Lease Extension with Options
Del Taco executed a new long-term lease, committing to the location for ten (10) years with two (2), five (5)-year options.

Long-Term Tenant
Del Taco has been operating at this location for over 40 years and has shown commitment to this location after executing the new lease.

Rare Fifteen Percent (15%) Rental Increases
The rent increases every five (5) years providing superior rental growth compared to similar net lease properties.

Lower Price Point Corporate Guarantee
Fully stabilized drive-thru product in Southern California is an extremely competitive market. The Subject Property boast an attractive “sticker price” compared to other investments of similar credit, lease term and geographical proximity.

Out-Parcel to a Grocery-Anchored Shopping Center
Conveniently located as an out-parcel to a Smart & Final-anchored shopping center, drawing a consistent customer base to the property.

Below Market Rents
The Tenant is currently paying below market rents, mitigating risk and allowing for upside in future rental income.

Recent Renovations to Adjacent Shopping Center
The surrounding center recently received a parking lot renovation, boosting curb appeal and attracting new customers. In addition, new national tenants were added, including Dollar Tree, which arrived at the center in 2024.

Strong Suburban Demographics
Located within the Santa Clarita submarket, the Subject Property benefits from 72,176 amount of people within a three (3)-mile radius with an average household income of $153,591.

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