39202 10th St W - Freestanding FOR SALE


Palmdale, CA 93551
$4,048,000 USD
858-822-9811
39202 10th St W, Palmdale, CA for Sale
$4,048,000 USD
Freestanding - FOR SALE
1/13
null | 6.25% Cap Rate

39202 10th St W
Palmdale, CA 93551


HIGHLIGHTS

  • In the Dominant Community Center Palmdale Marketplace that has 6.3MM Visits Per Year, Per Placer.ai
  • Brand New 10 Year NN Lease with Limited Landlord Responsibilities
  • Four 5-Year Options
  • Average Household Income of $104,600+ in 1 Mile Radius
  • Tenant Completing Over $320k in Improvements
  • Opened January 2025

OVERVIEW

The subject property is a net leased WSS investment opportunity within Palmdale Marketplace, a dominant community center with 6.3MM visits per year, per Placer.ai. WSS just signed a brand new 10-year lease with limited landlord responsibilities and four 5-year options. The tenant is completing over $320k in improvements and opened January 2025. The site is a 0.52 acre lot with ample parking and has ideal placement on 10th St W (32,000 VPD) at an entry point to the center with excellent visibility. The subject property is situated in a concentrated retail corridor with strong, nationally credited tenants such as Sprouts Farmers Market, Ross Dress for Less, Best Buy, Barnes and Noble, Lowe’s Home Improvement, T.J. Maxx, and more. This WSS location has close access to Antelope Valley Fwy, a state freeway with 85,000 VPD, and is less than 1 mile from Palmdale Regional Medical Center with more than 1,000 employees. The property is in a dense residential area with 127,100+ population in a 5 mile radius and near several hotels with over 1,500 rooms in a 2 mile radius. The site sits in an affluent area with average household income of $104,600+ in 1 mile radius. Watch Property Video: https://vimeo.com/1022458570?share=copy

FOR SALE DETAILS

PRICE

$4,048,000 USD

PRICE/SF

$440 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WSS - Palmdale Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

MPD

APN/PARCEL ID

3003-085-019

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.