Retail Investment Opportunity in
1703 E Palmdale Blvd Palmdale, CA 93550
1703 E Palmdale Blvd, Palmdale, CA, 93550
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For Sale
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Single tenant NNN retail investment opportunity in Palmdale, CA.
Property Size7,600 SF
Price / SF$344.74
Days on Market1349
Property Features for 1703 E Palmdale Blvd
General Information
- Standard status
- Active
- Size
- 7,600 SF
- Property subtype
- Retail
Listing Agency
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed by
Eric Carlton · License #CA 01809955
Source
Crexi
Added: Nov 10, 2022 Updated: Jul 6 at 8:10 am Checked: Jul 19 at 8:06 am
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This single-tenant net-leased investment opportunity is fully occupied by WSS (Warehouse Shoe Sale), a Foot Locker subsidiary. The property is located in Palmdale, CA, at the intersection of East Palmdale Blvd (State Rte. 138) and 17th St East, which experiences over 25,800 vehicles per day. The location is near major travel corridors, including California State Rte. 14 and the Pearblossom Hwy. The tenant has a newly signed 5-year extension with an additional five-year option period. The property is a retail investment located on a hard corner signalized intersection with over 5 lease years remaining. The tenant has a BB+ S&P credit rating. The property size is 7,600 square feet.
Key Highlights
- Single tenant net leased investment fully occupied by WSS (Warehouse Shoe Sale), a Foot Locker subsidiary.
- Newly signed 5‑year lease extension with an additional five (5) year option period.
- BB+ (S&P Credit Rating) tenant.
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 | $196.1k | $25.80 |
| − Vacancy | −$10.8k | −$1.42 |
| EGI | $185.3k | $24.38 |
| − OpEx | −$55.6k | −$7.31 |
| NOI | $129.7k | $17.07 |
7,600 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,707 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,629 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
WSS
Clothing & Fashion Store
Vans
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single tenant NNN retail investment opportunity in Palmdale, CA.
Where is this retail space located?
The property is located at 1703 E Palmdale Blvd Palmdale, CA.
What is the asking price?
The asking price for this property is $2,620,000.
What are key features of this property?
This property features: Single tenant net leased investment fully occupied by WSS (Warehouse Shoe Sale), a Foot Locker subsidiary.; Newly signed 5‑year lease extension with an additional five (5) year option period.; BB+ (S&P Credit Rating) tenant.
