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1061 W Rancho Vista Blvd
Palmdale, CA 93551

$4,800,000 USD

Restaurant For Sale  •  6,063 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 6,063 SF
  • Lot Size 1.08 AC
  • Building Class B
  • Year Built 1997
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning PDRA
0 Transit Score
54 Walk Score

Highlights

Single-Tenant Outback Steakhouse Absolute NNN Ground Lease
Outback Steakhouse (NASDAQ: BLMN) Is One of the Largest Casual-Dining Companies in the World With 675 U.S. Locations and 1,000 Restaurants
30-Year Successful Operating History at This Location (Since 1996)
Executed a New 10-Year Lease in 2026, Demonstrating a Long-Term Commitment to the Location
10% Rent Increases Every 5 Years
Absolute NNN Ground Lease
Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Outback Steakhouse

Amenities

  • Bus Line
  • Freeway Visibility

Public Transportation

Commuter RailDriveWalkDistance
Palmdale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 2.9 mi
Lancaster (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 7.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Kevin Fryman 844-585-7674 Hanley Investment Group
Kevin Fryman 844-585-7674 Hanley Investment Group