Listed by Monarch Commercial Advisors, Lockehouse Retail Group
$23,563,000
California Shoe Palace Portfolio
Details
Property Type Retail
Sub Type Storefront
Square Footage 44,707
Cap Rate 6.75%
NOI $1,590,578
Occupancy 100%
Price per SqFt $527
Buildings 6
Ground Lease No
Six Shoe Palace Properties in California
Marketing description
The Shoe Palace Portfolio consists of six 100% leased street-retail properties leased to one of the nation's leading athletic footwear and apparel retailers. The stores are well-established and strategically located throughout California in densely populated urban trade areas. The properties feature a combination of flagship urban storefronts and dominant neighborhood retail locations, benefiting from strong pedestrian activity, high traffic counts, and long-standing tenant occupancy. With lease structures that include scheduled rent increases and extension options, the portfolio offers stable in-place cash flow, attractive income growth, and exposure to some of California's most established and underserved retail corridors.
Investment highlights
- 250+ Shoe Palace Stores Across 13 States
- 50%+ Store Count Growth Since JD Acquisition (2020)
- Subsidiary of the World's Largest Specialty Sneaker Retailer
- 2,000+ US Locations Across the JD Sports Platform
- Authorized Retailer of Exclusive Nike, Jordan & Adidas Releases
- Family-Led by Co-Founder & CEO Ralph Mersho
Listing Contacts
Listed by Monarch Commercial Advisors, Lockehouse Retail Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,590,578.00
$132,548.17/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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