Palmdale Retail for Sale
Faris Lee Investments is excited to present an exceptional investment opportunity featuring a newly-constructed Starbucks, as the only double drive coffee in the entire trade area. The Site is strategically positioned in the heart of Palmdale, a vibrant Southern California city renowned for its strategic location and flourishing community. With a coveted hard corner parcel at a signalized intersection within a bustling retail hub joined by Chick-fil-A and Mister Car Wash, this property offers investors unparalleled advantages in the highly sought-after Palmdale market.
The property boasts a corporate-guaranteed lease with Starbucks, the only investment grade Coffee retailer in the US. Starbucks 2025 revenue was over $37 Billion across its 40,000 worldwide stores with a Market cap of $115 Billion. Investors benefit from a long-term lease spanning 10 years, structured with a triple-net arrangement, ensuring stable and secure cash flow. Starbucks reimburses for common area maintenance, property taxes, and insurance expenses, presenting an ideal opportunity for passive income generation. In addition, Starbucks rent is 43% below the average Starbucks rent in LA County for a new state of art double drive thru.
According to Placer.ai, the following tenants in the immediate area ,ranked by customer visitation: Walmart top 10% nationwide,Target top 17% nationwide,Stater Bros No. 1 in region, Vallarta top store in chain, Panda Express top 6% nationwide, Jack in the Box top 1% nationwide.
Strategically positioned within a thriving retail hub, the property is surrounded by top-performing retailers and restaurants, including Walmart, Lowes, Target, Stater Bros, Walgreens, Vallarta Supermarket, McDonald’s, Jack In The Box, and Panda Express. Its proximity to the Antelope Valley 14 Freeway and located at the intersection of 40th Street East and Avenue S (over 32,000 VPD) enhances the property’s accessibility and connectivity, making it an attractive destination for consumers.
The Starbucks location features a robust trade area comprising approximately 126,901 residents with an average household income of $95,412, indicative of strong purchasing power and consumer demand. Planned residential developments within a 2-mile radius, adding 617 new homes, signal continued growth and expansion, further enhancing the property’s value and consumer base.
This retail property featuring a newly-constructed Starbucks presents investors with a rare opportunity to acquire a high-quality asset in a prime location with a best-in-class tenant. With its secure long-term lease, strategic positioning within a thriving retail hub, and favorable trade area demographics, this investment offers stability, growth potential, and attractive return in Southern California’s dynamic real estate market.
