Pad to Target and Lowe's | Palmdale, CA
100% Occupied Credit Tenants NNN Investment | High-Traffic Signalized Intersection with 41,600 CPD
Marketing description
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Investment highlights
100% Occupied, Established Credit Tenants:
The Vitamin Shoppe Industries Inc. ‒ Ranked #1 in 15-mile radius and top 11% in California (Placer.ai); over 20 years of successful operating history at the location
National Vison Inc, dba America’s Best ‒ Ranked top 4% in a 15-mile radius and top 7% in California (Placer.ai); over 1,000 store locations nationwide and strong corporate signature
The Joint Chiropractic ‒ The nation’s largest provider of chiropractic care with over 900+ clinics nationwide and rapidly expanding. Tenants’ recent lease extension shows their commitment to the site
The property is positioned for substantial rent increases over the next two years, resulting in a near-term uplift in income and NOI
Palmdale Marketplace Dominant Retail Corridor:
Palmdale Marketplace draws in 6.5 million customers annually and has seen substantial year-over-year traffic growth
Shadow anchored by top traffic-generating national tenants such as Target, Lowe’s, Sprouts, Smart & Final, Ross, HomeGoods, and more
Surrounded by strong co-tenants such as Trader Joe’s, Hobby Lobby, TJ Maxx, and other national tenants
Adjacent to an Amazon Distribution Center, a major regional employer that drives significant daily workforce and commuter traffic
Ideally Located Between Two Signalized, Hard-Corner Intersections with Direct Highway Access:
Over 41,600 combined vehicles per day (10th Street & Marketplace Drive and 10th Street & Technology Drive)
Outstanding freeway on-ramp & off-ramp access to Hwy 14 (82,500 CPD)
Strong Demographics:
Serves a trade area of over 150,000 residents within a 5-mile radius
Above-average household income in the 1-mile radius of over $120,000
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