WSS - Palmdale Marketplace 39202 10th St W

9,200 SF Retail Building Palmdale, CA 93551 $3,892,000 ($423.04/SF) 6.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • In the Dominant Community Center Palmdale Marketplace that has 6.3MM Visits Per Year, Per Placer.ai
  • Four 5-Year Options
  • Tenant Completing Over $320k in Improvements; Opened January 2025
  • Brand New 10 Year NN Lease with Limited Landlord Responsibilities
  • Average Household Income of $104,600+ in 1 Mile Radius

EXECUTIVE SUMMARY

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 completed over $320k in improvements and opened January 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

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,200 SF
Building Class
B
Year Built
2021
Price
$3,892,000
Price Per SF
$423.04
Cap Rate
6.50%
NOI
$253,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.52 AC
Zoning
MPD

AMENITIES

  • Bus Line
  • Dedicated Turn Lane
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • Jan 0000

For over 30 years, WSS has not only talked the talk, but have walked the walk by serving customers and the communities in which they live by providing exceptional value, along with the largest selection of top brand athletic, dress, fashion and casual footwear for the entire family, and by creating jobs, opportunities and, in many cases, careers.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - Jan 0000

NEARBY MAJOR RETAILERS

IHOP
Five Guys
Cafe Rio
Smart & Final
Sprouts Farmers Market
Jenny Craig
Trader Joe's
Sizzler
U.S. Bank
Sharky's Woodfired Mexican Grill

PROPERTY TAXES

  • Listing ID: 33690862

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 39202 10th St W, Palmdale, CA 93551