|残存期間||14 years, 5 months|
|テナント||Smart & Final Stores LLC|
|保証人||Smart & Final LLC|
JLL is pleased to offer for sale the fee simple interest in a Smart & Final located in Palmdale, CA. Smart & Final is operating on an absolute NNN lease with over 14 years of primary lease term remaining, 2% annual rental escalations, and zero landlord responsibilities. The property was renovated and demised in 2016 to suit Smart & Final's typical floor size, and the remaining 17,300 square feet is subleased to Dollar Tree (S&P: 'BBB-'), a nationally recognized retailer that will draw greater customer traffic volumes to the area.
As an anchor to Quartz Hill Plaza, the property sits within a 96% leased shopping center with a tenant roster that includes Carl's Jr., Del Taco, Little Caesar's Pizza, and AutoZone.
- Absolute NNN lease with over 14 years of term remaining with 2% annual rental increases
- Zero landlord responsibilities and a corporate guaranty from Smart & Final LLC
- Leased to Smart & Final - one of the largest grocery store operators in the Western United States with over 250 locations
- No grocery stores within a 2-mile drive, offering significant market share and minimal competition
- 18% unit-level sales growth at this location since 2017