39202 10th W St, Palmdale, CA 93551-3765

This exceptional investment opportunity presents a single-tenant, net-leased retail property occupied by WSS within the thriving Palmdale Marketplace shopping center. The property boasts a brand-new 10-year lease commencing March 25, 2025, and expiring March 24, 2035, with four 5-year renewal options, each including a 10% rent increase. The 9,200 square foot building, constructed in 2021, sits on a 0.52-acre lot and enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $253,000, representing a 6.25% cap rate. The asking price is $4,048,000, translating to $440 per square foot and $178.71 per square foot of land value. The property benefits from its strategic location on 10th Street West, a high-traffic thoroughfare with 32,000 vehicles per day, providing excellent visibility within the center. Palmdale Marketplace itself draws 6.3 million visitors annually. The surrounding area features a dense residential population (127,100+ within a 5-mile radius) and high average household income ($104,600+ within a 1-mile radius), further enhancing the investment's appeal. The tenant, WSS, is undertaking over $320,000 in improvements, with an estimated opening in the first quarter of 2025. The property's proximity to Antelope Valley Freeway (85,000 VPD) and Palmdale Regional Medical Center adds to its strategic advantages. This is a rare opportunity to acquire a stable, high-performing retail investment in a rapidly growing market.