Shoe Palace (Nice Kicks)

862 S Main St, Los Angeles, CA
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Landlord Responsibilities:
Roof, Structure, Exterior Utility Lines, & Fire Sprinklers
Renewal Options:
2, 5-year options
Building Sq. Ft.:
2,379 SF
Rent Increases:
4% Annually
Site Size:
0.06 Acres

Investment Highlights

  • COMMITMENT: Brand new lease extension, lease calls for 4% annual rental escalations, providing a strong hedge against inflation
  • LOCATION: Dense Infill Location with over 1.2 million residence in a 5-Mile Radius
  • CREDIT: Lease guaranteed by Shoe Palace Corporate, a wholly owned subsidiary of JD Sports, a $7b revenue company
  • MAJOR ATTRACTIONS: Within 1 Mile of property – Crypto. com Arena, Grammy Museum LA Live, Microsoft Theater, and Los Angeles Convention Center
  • SURROUNDING RETAIL: Surrounded by many quality tenants nearby including: Whole Foods Market, Ross Dress for Less, Ralphs Fresh Fare, Chipotle, Etc.

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Connor Shell

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

John Woodcock

Vice President
503 853 6108
[email protected]

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