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Home Depot Ground Lease

38215 47th St. East, Palmdale, CA 93552

For Sale
Contact for pricing

The property is leased to Home Depot U.S.A., Inc. under a ground lease.

Property SizeContact for details
Lot Size10.32 Acres
Days on Market21

Property Features for 38215 47th St. East

General Information

Standard status Active
Lot size 10.32 Acres
Property subtype Retail

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Gross Income $777,834

Building Details

Tenancy Single
Listing Agency: Newmark | Los Angeles - Downtown
Listed By: Kyle Miller · License #NV S.0196952
Source: Crexi
Added: Oct 20 Changed: Nov 8 Last Checked: Nov 8 at 4:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Los Angeles - Downtown

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Investment Insights

Based on property information with market context.

The offering comprises the fee interest in an approximately 10.32-acre parcel occupied by a Home Depot store. Home Depot U.S.A., Inc. has held the ground lease since 2007, with six five-year extension options.

The property is located at 38215 47th St. East in Palmdale, California, within 47th Street Pavilion.

Key Highlights

  • Approximately 10.32 acres
  • Home Depot U.S.A., Inc. occupies the site under a ground lease in place since 2007
  • Six 5‑year extension options

Property Analytics

Current Use

Compact Power Equipment ... (Bike/Boat/Book/etc) Store Tool & Truck Rental ... Rental Equipment Company Plumbing Repair Service ... Plumbing Service Primo Water Exchange Big Box & Wholesale Store Yale KeyExpress Locksmith

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Auto Repair Shop Restaurant Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

336
Businesses Nearby

Demographics for 93552, CA

42,468
Population
11,329
Households
3.7
Avg Household Size
32
Median Age
12%
College-Educated
76%
High-School Grad
38.4 sq mi
ZIP Area
1,106
Density / Sq Mi
$84,894
Median Household Income
$39,764
Median Earnings
$1,851
Median Rent
$414,600
Median Home Value

Market

Average Price Trend$/SF for NNN properties in Los Angeles County, CA

$682 Jul
$788 Aug
$766 Sep
$813 Oct

Properties on Market for NNN properties in Los Angeles County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
NNN property - The property is leased to Home Depot U.S.A., Inc. under a ground lease.
Where is this nnn property located?
The property is located at 38215 47th St. East Palmdale, CA.
What is the asking price?
The asking price for this property is $16,300,000.
What are key features of this property?
This property features: Approximately 10.32 acres; Home Depot U.S.A., Inc. occupies the site under a ground lease in place since 2007; Six 5‑year extension options
(310) 227-0826 Call to check price and availability
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