WSS - Palmdale Marketplace 39202 10th St W

The subject property is a net leased WSS investment opportunity within Palmdale Marketplace, a dominant community center with 6.3MM visits per year, per Placer.ai. WSS just signed a brand new 10-year lease with limited landlord responsibilities and four 5-year options. The tenant is completing over $320k in improvements and is estimated to open Q1 2025. The site is a 0.52 acre lot with ample parking and has ideal placement on 10th St W (32,000 VPD) at an entry point to the center with excellent visibility. The subject property is situated in a concentrated retail corridor with strong, nationally credited tenants such as Sprouts Farmers Market, Ross Dress for Less, Best Buy, Barnes and Noble, Lowe’s Home Improvement, T.J. Maxx, and more. This WSS location has close access to Antelope Valley Fwy, a state freeway with 85,000 VPD, and is less than 1 mile from Palmdale Regional Medical Center with more than 1,000 employees. The property is in a dense residential area with 127,100+ population in a 5 mile radius and near several hotels with over 1,500 rooms in a 2 mile radius. The site sits in an affluent area with average household income of $104,600+ in 1 mile radius.
Watch Property Video: https://vimeo.com/1022458570?share=copy