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38107-38215 47th St E 303,561 SF 99% Leased Retail Building Palmdale, CA 93552 For Sale

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Investment Highlights

  • Dominant Regional Positioning
  • Rare Home Depot Ground Lease
  • Rare Los Angeles County Drive-Thrus
  • Strong Credit Profile
  • Ideal 15-Parcel Arbitrage Potential
  • High Deposit Bank Pads

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
303,561 SF
Building Class
B
Year Built
2008
NOI
$5,490,780 CAD
Percent Leased
99%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.22
Lot Size
32.40 AC
Zoning
RC - intended to permit moderate-density commercial and PDR activities employing a large workforce and requiring some heavy machinery under controls that
Parking
2,242 Spaces (7.39 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Bath & Body Works is a specialty retailer founded in 1990 in New Albany, Ohio. The company offers a wide range of personal care items, including body lotions, shower gels, fragrance mists, and home fragrance products such as candles and diffusers. Originally part of L Brands, Bath & Body Works became an independent public company in August 2021 following the spin-off of Victoria’s Secret. Headquartered in Ohio, the company operates primarily in North America with additional international franchise locations. Bath & Body Works trades on the New York Stock Exchange under the ticker symbol BBWI. Known for its seasonal collections and signature scents, the brand has grown into one of the largest specialty retailers in its category, supported by a strong omnichannel presence combining physical stores and e-commerce.

  • Accommodation and Food Services
  • -
  • -
  • -

Chipotle Mexican Grill is a publicly traded fast-casual restaurant company headquartered in Newport Beach, California. Founded in 1993, the company focuses on serving customizable Mexican-inspired dishes prepared with fresh ingredients. Chipotle relocated its headquarters from Denver to Newport Beach in 2018, establishing its primary corporate offices at 610 Newport Center Drive, Suite 1300, where the executive team and administrative functions are based. The organization operates thousands of restaurant locations globally and remains known for its emphasis on sustainable sourcing and its “Food with Integrity” philosophy. Chipotle is listed on the New York Stock Exchange under the ticker symbol CMG and functions as a large enterprise within the restaurant industry. Over time, the company has expanded its operational capabilities through additional support centers across the United States. The headquarters in Newport Beach continues to oversee national operations, strategic planning, and brand development.

  • Retailer
  • -
  • -
  • -

dd’s Discounts is an off-price retail chain specializing in affordable apparel, footwear, and home merchandise. The brand was launched in 2004 as part of Ross Stores, Inc., targeting customers seeking moderately priced products at significant discounts. dd’s Discounts operates under the same off-price model as Ross Dress for Less but focuses on neighborhood-based locations and value-driven assortments. The company offers clothing for men, women, and children, along with home décor, toys, and seasonal items. Headquartered in Dublin, California, dd’s Discounts is a subsidiary of Ross Stores, Inc., which trades publicly on NASDAQ under the ticker symbol ROST. The chain has expanded steadily since inception and continues to grow across the United States.

  • Retailer
  • -
  • $49.22 CAD
  • -

PetSmart is the leading pet retailer offering products, services and solutions for the lifetime needs of pets. At PetSmart, they love pets, and they believe pets make them better people. Every day with every connection, PetSmart’s passionate associates help bring pet parents closer to their pets so together they can live more fulfilled lives. This vision impacts everything they do for their customers, the way they support their associates and how they give back to their communities. PetSmart operates pet stores in the United States, Canada and Puerto Rico, as well as in-store PetSmart PetsHotel® dog and cat boarding facilities. They provide a broad range of competitively priced pet food and products as well as services such as dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp™ and pet adoption.

  • Retailer
  • -
  • -
  • -

Ross Dress for Less, operated by Ross Stores, Inc., is the largest off-price apparel and home fashion retailer in the United States. Founded initially as a department store in 1950 and restructured into an off-price chain in 1982, the company now operates nearly 1,800 Ross stores and additional dd’s DISCOUNTS locations across the country. Headquartered in Pleasanton, California, Ross Stores manages sourcing, merchandising, logistics, distribution, and corporate administration for its nationwide retail footprint. The brand specializes in selling first-quality, in-season name-brand apparel, footwear, and home décor at 20%–60% off traditional department store pricing.

  • Retailer
  • -
  • -
  • -

The Home Depot was founded in 1978 in Atlanta, Georgia, with the goal of creating a one-stop destination for home improvement needs. Over the years, the company has grown into a leading retailer of building materials, tools, appliances, and related services for both professional contractors and do-it-yourself customers. Headquartered in Atlanta, The Home Depot operates across the United States, Canada, and Mexico, offering a wide range of products for home construction, maintenance, and renovation. The company is publicly traded on the New York Stock Exchange under the ticker symbol HD. Its business model combines large-format retail stores with an expanding e-commerce platform to meet customer demand for convenience and product variety. The Home Depot has also introduced services such as tool rental and installation to complement its core retail offerings.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Accommodation and Food Services - - -
Retailer - - -
Retailer - $49.22 CAD -
Retailer - - -
Retailer - - -

Nearby Major Retailers

Starbucks
Bank of America
Yoshinoya
IHOP
Wells Fargo
Chase Bank
Vallarta Supermarkets

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 3023-097-008
  • 3023-097-014
  • 3023-097-003
  • 3023-097-016
  • 3023-097-004
  • 3023-097-007
  • 3023-097-009
  • 3023-097-013
  • 3023-097-002
  • 3023-097-011
  • 3023-097-012
  • 3023-097-010
  • 3023-097-005
  • 3023-097-006
  • 3023-097-015
  • 3023-097-017
Land Assessment
$30,376,744 CAD
Improvements Assessment
$68,743,514 CAD
Total Assessment
$99,120,258 CAD
  • Listing ID: 39291581

  • Date on Market: 2026-02-02

  • Last Updated:

  • Address: 38107-38215 47th St E, Palmdale, CA 93552

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