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29793776
29793777

39256 10th St W, Palmdale, CA 93551

AK
CA 01462025
Hanley Investment Group
KF
CA 01321833
Hanley Investment Group
Listed by Hanley Investment Group
$3,900,000
109 days on market
Updated 14 days ago

Pad to Target and Lowe's | Palmdale, CA

Details
APN 3003-085-008
Property Type Retail
Sub Type Storefront
Square Footage 8,000
Net Rentable (SqFt) 8,000
Cap Rate 6.75%
NOI $263,100
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $488
Broker Co-Op Yes
Year Built 2002
Buildings 1
Stories 1
Acreage 1.000

100% Occupied Credit Tenants NNN Investment | High-Traffic Signalized Intersection with 41,600 CPD

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/PadtoTargetandLowes

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

Listing Contacts

AK
CA 01462025
Hanley Investment Group
KF
CA 01321833
Hanley Investment Group
Listed by Hanley Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$263,100.00
$21,925.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Ayda Kachineh
License
01462025
Brokerage
Hanley Investment Group
Brokerage Phone
949-585-7649
Title
Real Estate Broker
Brokerage Address
3500 East Coast Highway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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