Shops to Burlington: 3-Tenant NNN Investment
Retail | 8.00% CAP | 10,493 SqFt
Marketing description
Marcus & Millichap is pleased to present 1080 W, Avenue K, a prime retail investment opportunity anchored by Burlington Coat Factory, in a Target Supercenter. This well-located property offers a stable NNN lease structure with upside, complemented by a strong surrounding tenant mix of national and regional retailers.
Strategically positioned along Lancaster’s primary retail corridor, the asset benefits from high visibility, robust traffic counts, and immediate freeway access, providing both reliable income and long-term appreciation.
Investment highlights
Transit-Oriented & Commuter-Friendly
• Immediate freeway access via I-14 (Antelope Valley Freeway)
Turnkey NNN Leases | Stable Cash Flow & Upside
• 100% NNN lease structures minimizes landlord responsibilities
• Current rent at $1.25/SF are below market ($2.00/SF) offering upside
Location Strengths
• Steps from major retailers including Burlington, Target, Lowe’s,
WinCo Foods, Sprouts Farmers Market, and 24-Hour Fitness,
with immediate access to I-14 (Antelope Valley Freeway)
Value-Add Opportunity – Landlord-Friendly Lease Provisions
• A unique Landlord-friendly lease feature under the Second
Amendment of the Aaron’s Lease allows the Landlord to reclaim ~
1,200 - 1,500-sf of the 8,000-sf gross leasable area, with Aarons still
paying the same monthly amount without a reduction in monthly
base rent base rent remaining the same. This feature allows Landlord to pick up an extra $36,000 in annual
net proceeds, bringing the cap rate up to a 9.5% capitalization rate.
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