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1713 E Palmdale Blvd
Palmdale, CA 93550
WSS Shoes - Hard Corner · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Recent 5 Year Corp. Lease Extension with WSS Shoes (NYSE: FL)- Subsidiary of Foot Locker
- Strong National Brand with One of the Largest Selection of Top Brand Footwear (Nike/Vans/Adidas)
- Best in Class for Shoe Stores- Iconic American Brand- $9.0B+ in Sales for 2021- Market CAP over $3B
- High Profile Outparcel PAD to Gateway Center- Vallarta Grocery Anchored Shopping Center
- Dense Southern California City of Los Angeles- Dense Community Part of Lancaster/Palmdale MSA
- Proven Location since 2011 with Early Renewal- Minimal LL Duties- Located along Main Corridor (138)
EXECUTIVE SUMMARY
We are pleased to offer to qualified investors an opportunity to purchase a single tenant net leased investment (fee simple) that is fully occupied by WSS (Warehouse Shoe Sale), a Foot Locker subsidiary, with a newly signed 5-year extension and an additional five (5) year option period. Located in Palmdale, CA, the subject property is positioned at the intersection of East Palmdale Blvd (State Rte. 138) and 17th St East which sees over 25,800 VPD and is located near major travel corridors including California State Rte. 14 and the Pearblossom Hwy. This is an excellent opportunity to own a BB+ (S&P Credit Rating) NNN retail investment on a hard corner signalized intersection with over 5 lease years remaining and minimal landlord obligations.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,600 SF
Building Class
C
Year Built
1986
Price
$3,657,311 CAD
Price Per SF
$481.23 CAD
Cap Rate
5.22%
NOI
$190,962 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.28
Lot Size
0.62 AC
Parking
300 Spaces (3.09 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 3015-023-028 | Improvements Assessment | $2,007,755 CAD |
| Land Assessment | $520,840 CAD | Total Assessment | $2,528,595 CAD |
PROPERTY TAXES
Parcel Number
3015-023-028
Land Assessment
$520,840 CAD
Improvements Assessment
$2,007,755 CAD
Total Assessment
$2,528,595 CAD
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