INDUSTRIAL PROPERTY SHOWCASE – TEJON INDUSTRIAL PARKWAY – 606,000 SF 1031-EXCHANGE

Lebec

Tejon Ranch Commerce Center / Dollar General 606K SF facility

EXECUTIVE SUMMARY

Step into the gateway of California logistics dominance: Tejon Industrial Parkway, 4193 Industrial Parkway Dr, Lebec, CA. This 606,000 SF 5-Star Class A cross-dock distribution fortress is fully leased to Dollar General through July 2028, providing investors with rock-solid cash flow and a tenant whose $40.6 billion in 2024 net sales reflects unstoppable momentum.

Purpose-built in 2008, the property delivers best-in-class distribution specs—32-foot clear heights, 116 dock-high doors, 185-foot truck courts, 168 trailer parking stalls, plus specialized cooler/freezer bays for diversified logistics. With frontage on Interstate 5 at the critical I-5 / CA-99 interchange, this hub can reach 97% of California consumers within a one-day drive—a feat that puts it on par with Inland Empire distribution giants, but at a fraction of replacement cost (currently estimated at $177/SF).

The property sits at the heart of the Tejon Ranch Commerce Center, a master-planned mega-hub and Foreign Trade Zone where IKEA, Nestlé, Caterpillar, and Dollar General already anchor operations. This is no ordinary building. It’s a command center for California’s retail supply chain, delivering both institutional-grade stability and long-term NOI growth opportunities as Dollar General continues its expansion into the western U.S.

PROPERTY FACTS

INVESTMENT HIGHLIGHTS

• Committed Cash Flow: 100% leased to Dollar General through July 2028
• Retail Powerhouse Tenant: DG’s fiscal 2024 net sales hit $40.6B, up 5% year-over-year
• Strategic Super-Location: Adjacent to I-5 / CA-99, covering 97% of California’s consumer market within one day
• Superior Specs: 116 dock-high doors, 32’ clear, oversized truck courts, cooler/freezer integration
• Irreplaceable Hub: Part of Tejon Ranch Commerce Center, a master-planned Foreign Trade Zone attracting global tenants

KERN COUNTY & TEJON MARKET SNAPSHOT

The Tejon Ranch corridor has become one of California’s most strategic logistics hubs, offering cost advantages and direct access that rival the Inland Empire. With over 20 million SF of entitled industrial space, Tejon Ranch Commerce Center is a magnet for multinational tenants who demand port-to-shelf speed.

Meanwhile, Kern County is undergoing its own industrial reinvention:

• The Net-Zero Cement Plant, a $1 billion-plus green infrastructure play, will be the first of its kind in North America, reinforcing Kern’s push toward sustainable heavy industry.
• Renewable energy mega-projects continue to dominate the landscape, from wind farms to solar parks, anchoring Kern as the state’s clean power capital.
• Infrastructure upgrades along I-5 and CA-99 are widening the distribution funnel, giving logistics players in Delano, Shafter, and Tejon an edge in statewide fulfillment speed.

Taken together, these projects signal that Kern County isn’t just a pass-through zone—it’s emerging as the next frontier of California industrial investment, where cold storage, e-commerce, and green-tech logistics converge.

Tejon Parkway, with its Dollar General anchor and master-planned scalability, sits at the bullseye of that transformation.

Links

Argossy International Properties
Kern County Economic Development Dept.
Lebec Net-Zero Cement Project