For Sale
$4,995,000

39838 10Th StPalmdale, CA 93551

Wells Fargo-anchored, NNN retail building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 7,887 square foot, single-story retail building in Palmdale, CA, at 39838 10th St W. The property is 100% occupied by two tenants: Wells Fargo Bank and Bellissima Nail & Spa, both under long-term (20-year) NNN leases. This meticulously maintained building boasts a prime location at the entrance to a major 750,000+ square foot regional power center, anchored by Walmart Supercenter, Sam's Club, and Kohl's, ensuring high visibility and consistent traffic. Additional nearby retailers include Hobby Lobby, Planet Fitness, Dollar Tree, JoAnn, Sonic Drive-In, Panda Express, WingStop, and AutoZone. Situated at the intersection of Rancho Vista Blvd, 10th Street West, and CA-Hwy 14, the property benefits from exceptional access and visibility, with 10th Street West seeing over 33,950 vehicles daily and CA-Hwy 14 exceeding 98,860. The Antelope Valley market is experiencing robust growth, with a population of over 528,000 and projected 12.5% growth over the next decade. The average household income within a 5-mile radius is $97,000. This asset is an ideal 1031 exchange opportunity, offering a stable, high-performing investment in a thriving retail corridor. The asking price is $4,995,000, with a price per square foot of $633.32. The property consists of one building with two units, and the APN is 3005-048-007. This is a multi-tenant property with credit-rated tenants.

Highlights

  • 7,887 SF single-story retail building in Palmdale, CA, fully occupied by Wells Fargo and Bellissima Nail & Spa under long-term NNN leases.
  • Prime location at the entrance to a 750,000+ SF regional power center anchored by Walmart, Sam's Club, and Kohl's, with strong co-tenancy including Hobby Lobby, Planet Fitness, and others.
  • Exceptional visibility and access at the intersection of Rancho Vista Blvd, 10th Street West (33,950 VPD), and CA-Hwy 14 (98,860 VPD).
  • High-growth Antelope Valley market with a population exceeding 528,000 and projected 12.5% growth over the next decade; average household income within 5 miles is $97,000.
  • Offered at $4,995,000 ($633.32/SF), ideal for a 1031 exchange; APN 3005-048-007.

Property Details for 39838 10Th St

Property type
Retail properties, Retail space
Square Feet
7,887 SF
Buildings
1
Units
2

Location Insight

City
Palmdale
County
Los Angeles
State
California
Latitude
34.6068646
Longitude
-118.1472352
39838 10Th St, Palmdale, California

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39838 10Th St
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