WSS Shoes

39202 10th Street West, Palmdale, CA 93551

$3,614,000

Cap Rate 7.00%

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DOM: 22 Updated: 07.24.25 Posted: 07.24.25 Status: Active 07.24.25

Summary

Price $3,614,000	Built/Renov 2001	Tenant WSS Shoes
Cap Rate 7.00%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 9,200	Lease Start 01-01-2025	#Units 141
Price/SF $392.83	Expiration 01-01-2035	Tenant Type General Retail
NOI $253,000	R. Term 9.4	Ownership Fee Simple
Rent/SF $27.50	Increases 10.0%/6/yrs	Pop 5Mi 123,882
Lot/AC 0.52	Options 4/5yrs/10%	AHHI 5Mi $104,730

Highlights

WSS recently signed a new 10 year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option
NN Lease | Landlord Only Responsible for Roof & Structure | Fee Simple Ownership
Corporate Guarantee | Subsidiary of Foot Locker (S&P: BB-) | 140+ Locations

Location Description

WSS Shoes is strategically located along 10th Street West (18,100 VPD) at the entrance of Palmdale Marketplace—a dominant 500,000 SF regional center generating 6.3 million+ annual visits. The site benefits from direct access to State Highway 14 (89,000 VPD), a major commuter corridor. Surrounding anchors include Target, Lowe’s, Best Buy, Sprouts, Ross, and HomeGoods. It is also adjacent to...

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Key Features

Hard corner intersection
Build to suit
High traffic 50M+ VPD
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Strong demographics
Brand new lease
Traded and rated company
Corporate Guarantee

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Links

WSS Shoes Wikipedia Palmdale, California Wikipedia Foot Locker Zip Code 93551 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: WSS Shoes
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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Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

394 Listings
97759 Views
178 Sold

Patrick Luther

SRS National Net Lease Group

Contact

446 Listings
107757 Views
211 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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