Shoe Palace

8027 Firestone Boulevard, Downey, CA
Deal Type:
Net Lease
Price:
$2,962,317
Cap Rate:
7.25%
Current Rent:
$214,768
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof, Structure, Exterior Utility Lines, & Fire Sprinklers
Lease Expiration Date:
Approx. 4 years
Renewal Options:
2, 5-year options
Building Sq. Ft.:
5,386 SF
Rent Increases:
4% Annually
Site Size:
0.16 Acres

Investment Highlights

  • RENTAL INCRESES: 4% annual rental escalations, providing a strong hedge against inflation
  • LOCATION: Located along the main thoroughfare with over 70,000 VPD
  • CREDIT: Lease guaranteed by Shoe Palace Corporate, a wholly owned subsidiary of JD Sports, a $7b revenue company
  • CUSTOMER BASE: Subject property sits adjacent to Warren High School with over 3,500 Students providing a built-in customer base
  • SURROUNDING RETAIL: Situated in a dense retail corridor including: In-N-Out Burger, Chick-fil-A, Albertsons, Home Depot, CVS, Sam’s Club, Target, O’Reilly Auto Parts, Rite Aid, Stater Bros, McDonalds, etc.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]
John Woodcock Stream Capital Partners

John Woodcock

Vice President
503 853 6108
[email protected]

Dorothy Lee

Vice President
626 236 3823
[email protected]

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