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1870 E Palmdale Blvd
Shopping Center | 7-Eleven Anchored
1870 East Palmdale Boulevard
Palmdale, CA 93550
Strong Retail Corridor with Multiple National Retailers in the Immediate Area
Local retailers include Vallarta Supermarkets, Shell Gas, Chase Bank, Warehouse Shoe Supply, U.S. Bank, Boost Mobile, Carl’s JR., 99 Cents Only, Goodwill, Burger King and the United States Postal Service.
7-Eleven Anchored Strip Center
40% of the center is anchored by national tenants, 7-Eleven and Yum Yum Donuts. The seasoned tenant mix ideally caters to the surrounding tenants, and the well stabilized tenant roster has solid term remaining on the current leases with options.
Signalized Corner Location
The center sits east of the interstate 14 freeway in a main retail corridor of Palmdale. All four signalized corners of E. Palmdale Boulevard and 20th Street E are home to major national retailers.
Ideal Shopping Center Layout
1,193 square foot average unit size and short bay depth protect against downside risk and minimizes tenant improvement costs between tenants.
High Daily Traffic Counts
This solid Palmdale location experiences high daily traffic counts with over 22,000 vehicles passing through the intersection per day.
Dense Immediate Population
The immediate area has experienced population growth and is projecting a 3.7% population growth over the next five years. There are over 160,000 people within a five mile radius, and a median household income of $55,000.
Property Highlights
- Price - $3,500,000
- Building - 9,624 SF
- Lot - 33,541 SF
- Current Cap Rate - 7.08%
- Occupancy - 87.5%
- 30-Day Escrow
- All Cash | Multiple Offers
- Represented Buyer & Seller
- 17-Day Due Diligence Period