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Leased Street-Retail Portfolio

8025 Firestone Boulevard Downey, CA 90241

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8025 Firestone Boulevard, Downey, CA, 90241
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Portfolio of six 100% leased street-retail properties, all occupied by an athletic footwear and apparel retailer.

Property Size44,707 SF
Price / SF$527.05
AddedJul 9
Days on Market7
Last RefreshJul 11 at 2:32 am

Property Features for 8025 Firestone Boulevard

General Information

Standard status
Active
Size
44,707 SF
Property subtype
Retail

Listing office Monarch Commercial Advisors

Listing date Jul 9, 2026

Source Crexi

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 Monarch Commercial Advisors


Investment Insights

Based on property information with market context.

The Shoe Palace Portfolio consists of six 100% leased street-retail properties, each leased to a single national athletic footwear and apparel retailer. The portfolio includes a mix of urban storefront locations and dominant neighborhood retail sites, with long-standing occupancy. Lease structures feature scheduled rent increases and extension options.

Properties are situated throughout California in densely populated urban trade areas, with the assets described as benefiting from strong pedestrian activity and high traffic counts.

For investors and owner-operators seeking in-place retail income, this portfolio offers stability through fully leased tenancy with built-in rent growth components and extension options.

Key Highlights

  • Shoe Palace Portfolio of six 100% leased street‑retail properties in California
  • All properties are occupied by one athletic footwear and apparel retailer
  • Street‑retail mix includes flagship urban storefronts and dominant neighborhood retail locations

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $1.65M $36.96
− Vacancy −$38.0k −$0.85
EGI $1.61M $36.11
− OpEx −$484.3k −$10.83
NOI $1.13M $25.28
44,707 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%

Alternative Uses

Best Use
Retail
$16.14M
$14.13M – $18.83M (±1% cap)
NOI $1,130,056 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.24M
$15.96M – $21.28M (±1% cap)
NOI $1,276,832 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

R&B Carpet Cleaning ... (Bike/Boat/Book/etc) Store

Suggested Use

Parking Lot & Garage Gym & Fitness Center Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store Daycare Center Grocery & Convenience Store Tech Support Center Garden Center Travel Agency

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Matt's bouquet — 12240 Eastbrook Ave, Downey, CA 90242
  • La Compana Flora — 11926 Bellflower Blvd, Downey, CA 90242

FAQs

What type of property is this?
Storefront property - Portfolio of six 100% leased street-retail properties, all occupied by an athletic footwear and apparel retailer.
Where is this storefront property located?
The property is located at 8025 Firestone Boulevard Downey, CA.
What is the asking price?
The asking price for this property is $23,563,000.
What are key features of this property?
This property features: Shoe Palace Portfolio of six 100% leased street‑retail properties in California; All properties are occupied by one athletic footwear and apparel retailer; Street‑retail mix includes flagship urban storefronts and dominant neighborhood retail locations
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