39202 10th St W - Freestanding FOR SALE


Palmdale, CA 93551
$3,614,000 USD
480-221-4221
39202 10th St W, Palmdale, CA for Sale
$3,614,000 USD
Freestanding - FOR SALE
1/8
null | 7% Cap Rate

39202 10th St W
Palmdale, CA 93551


HIGHLIGHTS

  • New 10-Year Lease | Scheduled Increases | Options to Extend
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Top Performing Retail Corridor | State Hwy 14 (89,000 VPD) |Outparcel to Palmdale Marketplace (6.3M+ Visits)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant recently signed a new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, hedging against inflation

FOR SALE DETAILS

PRICE

$3,614,000 USD

PRICE/SF

$393 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WSS Shoes | New 10yr Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

RC

APN/PARCEL ID

3003-085-019

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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