Pacific Dental & High Desert Medical Group

Investment Overview

Newmark is pleased to offer Parcel 12 at 47th Street Pavilion, a 10,001 square foot medical and dental building in Palmdale, California. The Property is leased to High Desert Medical Corp. (6,199 SF) and Pacific Dental Services, LLC (3,802 SF) under net leases with fixed rent growth, producing $337,551 of in-place base rent.

Investment Highlights

• Essential Medical & Dental Tenancy. Highly desirable and diversified medical uses. High Desert Medical Group and Gateway Dental Group (Pacific Dental) provide tremendous stability to an investor.
• Long Tenured & Committed Tenants. Both tenants have operated at this location for over 15 years (Pac Dental: 17.9 yrs & HDMG 15.6 yrs) and both executed 10-year renewals, validating their commitment and success at this location.
• Stable Rent Growth. Both leases carry tremendous growth with High Desert Medical Group having 3% annual and Pacific Dental 12% Every 5 years.
• NNN Lease Structure. Tenants pay their PRS of operating expenses plus a CAM Admin fee or % of gross rents as a management fee. LL has roof and structure obligations.
• Exclusive-use protections. High Desert Medical holds a primary care exclusive, and Pacific Dental holds a dental exclusive under its lease, with carve-outs described in the lease summaries.
• Pad within the area’s top retail destination. 47th Street Pavilion drew 6.5 million visits in 2025 and ranked as the top retail location in ZIP 93552 (Placer.ai).