WSS

39202 10th Street West, Palmdale, CA 93551

$3,892,000

Cap Rate 6.50%

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Updated: 06.03.25 Posted: 11.01.24 Status: Inactive

Summary

Price $3,892,000	Built/Renov 2021	Tenant WSS
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,200	Lease Start 03-25-2025	#Units 141
Price/SF $440.00	Expiration 03-24-2035	Tenant Type General Retail
NOI $253,000	R. Term 9.4	Ownership Fee Simple
Rent/SF $27.50	Increases 10.0%/5/yrs	Pop 5Mi 127,168
Lot/AC 0.52	Options 4/5yrs/10%	AHHI 5Mi $88,944

Ryan Gomez

Cushman & Wakefield

Contact

Highlights

Tenant Completed over $320K in Improvements; Opened January 2025
Brand new 10-year lease with 4 (5-year) renewal options
10% rental increases every 5 years
NN lease | Landlord responsible for roof, structure & HVAC repair & replacement for first 9 months
Corporate guaranteed lease

Location Description

WSS is strategically located on 10th Street West, with access to 32,000 vehicles passing by daily. This property is part of the dominant Palmdale Marketplace, a bustling community center attracting approximately 6.3 million visits per year, according to Placer.ai. Situated directly across from a Target-anchored shopping center with a mix of national and local retailers, the site has convenient...

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Key Features

Recent renovation
Dense retail corridor
Strategically located
Strong tenant synergy
Top 100 MSA
Strong demographics
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee

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Links

WSS Wikipedia WSS Wikipedia Palmdale, California Zip Code 93551 Broker Site Page Drone Video

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: WSS
Guarantor:Corp T and Rated
Company:Foot Locker, Inc
# Units:141
Tenant S&P: BB
Moody’s: Ba2
Stock: NYSE: FL

About Tenant

WSS Shoes, formerly Warehouse Shoe Sales, is a leading southern California retailer that offers a wide variety of footwear, clothing, and accessories from all major brands. WSS carries over...

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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	8,763	58,969	121,693
2025 Total Population :	8,950	58,984	123,189
2025 Employed Civilian Pop :	4,414	25,377	53,953
2025 Total Businesses :	702	2,357	4,151
2025 Average Household Income :	$ 120,840	$ 105,624	$ 107,574
2025 Total Consumer Spending :	$ 301 M	$ 1708 M	$ 3617 M
2025 Median Age :	37	34	35
2025 Total Households :	2,923	18,801	39,125
2025 Pop Age 25+: Bachelor's Degree :	1,278	6,447	11,403
2025 Average Home Value :	$ 554,890	$ 611,105	$ 567,825

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Ave P-8	10th St W	2010	7,599	0.13 mi
10th St W	Ave P-8	2011	18,141	0.22 mi
Trade Center Dr	Ave P-8	2010	1,594	0.22 mi
10th St W	Marketplace Dr	2010	31,702	0.27 mi
Lowes Dr	W Ave P	2006	1,783	0.31 mi
Ocotillo Dr	Dole Pl	2005	1,285	0.33 mi
Trade Center Dr	Auto Center Dr	2010	1,595	0.34 mi
W Ave P-4	5th St W	2006	1,115	0.36 mi
Auto Center Dr	Trade Center Dr	2010	2,593	0.38 mi
Armfield Ave	W Ave P-1	2010	853	0.39 mi

Listing Broker

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