Share This Listing

Message

957 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • Dominant Regional Positioning
  • Rare Home Depot Ground Lease
  • Rare Los Angeles County Drive-Thrus
  • Strong Credit Profile
  • Ideal 15-Parcel Arbitrage Potential
  • High Deposit Bank Pads

Executive Summary

Call for Offers - Wed, Mar. 4th, 5pm

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
181,770 SF
Building Class
B
Year Built
2009
NOI
$4,015,988
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.13
Lot Size
32.40 AC
Zoning
RC - intended to permit moderate-density commercial and PDR activities employing a large workforce and requiring some heavy machinery under controls that
Parking
2,242 Spaces (7.39 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Bath & Body Works began in 1990 as a beauty line within Express and opened its first store in Cambridge, Massachusetts, before growing into a standalone retail brand. Bath & Body Works now focuses on personal care and home fragrance, with body care, hand soap, sanitizer, and candle collections sold through stores, e-commerce, Amazon, and international franchise locations. The company has expanded its marketplace presence through a nationwide Ulta Beauty partnership and an entry into Brazil, extending reach across both physical and digital channels. Bath & Body Works emphasizes product quality, safety, and sustainability across sourcing, packaging, and environmental efforts.

  • Accommodation and Food Services
  • -
  • -
  • -

Chipotle Mexican Grill began in 1993 as a fast-casual restaurant chain built around burritos and tacos, and the business has grown into a broader Mexican-inspired menu that also includes bowls, quesadillas, and salads. Chipotle Mexican Grill owns and operates restaurants and supports digital ordering, delivery or pickup, catering, group ordering, rewards, and other guest-facing services through its consumer channels. Chipotle Mexican Grill's purpose centers on cultivating a better world, with values tied to real ingredients, responsible sourcing, and an employee culture built around respect and inclusion. The company continues to expand its restaurant footprint, and digital sales remain a meaningful part of revenue.

  • Retailer
  • -
  • -
  • -

dd's DISCOUNTS began in 2004 as an off-price retail banner within the Ross family of companies. The company sells clothing, shoes, home decor, toys, bed and bath, kitchen and dining, and home improvement merchandise, with stores designed for neighborhood shopping centers and fresh merchandise arriving daily. The company has grown to a network of more than 300 stores and supports local communities through hiring programs, youth initiatives, and partnerships with Boys & Girls Clubs of America and First Book.

  • Retailer
  • -
  • $36.00
  • -

PetSmart began in 1986 as a pet supply retailer in Phoenix, Arizona, and later expanded from a discount warehouse format into a broader pet care business. The company now operates as an omnichannel pet retailer in North America, with offerings that include pet food, supplies, accessories, grooming, training, boarding, veterinary care through in-store clinics, and adoption support through PetSmart Charities. The company prioritizes sustainability, pet welfare, community impact, and responsible sourcing as part of its business.

  • Retailer
  • -
  • -
  • -

Ross Dress for Less began as a small family-operated junior department store chain in California and shifted into an off-price format after an investor acquisition in the early nineteen eighties. The company focuses on first-quality, in-season brand name and designer apparel, footwear, accessories, and home fashions offered at everyday discounts. Ross Dress for Less operates as a major off-price retail chain with a broad presence across the United States, along with locations in Guam and Puerto Rico. The business sits within Ross Stores, which also runs dd's DISCOUNTS and has grown from a regional retail start into a large national value retailer.

  • Retailer
  • -
  • -
  • -

The Home Depot began in 1978 as a home improvement retailer and became a public company in 1981. The Home Depot now serves customers through stores and online, with a broad assortment that includes home improvement products, building materials, lawn and garden items, décor, and facilities maintenance supplies. The business also supports installation, repair, and other services tied to home projects, while maintaining a significant presence across North America. The company has also built a substantial digital channel alongside its physical retail network.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Accommodation and Food Services - - -
Retailer - - -
Retailer - $36.00 -
Retailer - - -
Retailer - - -
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Starbucks
Bank of America
Yoshinoya
Planet Fitness
IHOP
Wells Fargo
Chase Bank
Vallarta Supermarkets

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 3023-097-008
  • 3023-097-014
  • 3023-097-003
  • 3023-097-016
  • 3023-097-004
  • 3023-097-007
  • 3023-097-009
  • 3023-097-013
  • 3023-097-002
  • 3023-097-011
  • 3023-097-012
  • 3023-097-010
  • 3023-097-017
  • 3023-097-015
  • 3023-097-005
  • 3023-097-006
Land Assessment
$22,217,727
Improvements Assessment
$50,279,405
Total Assessment
$72,497,132
  • Listing ID: 39291581

  • Date on Market: 2/2/2026

  • Last Updated:

  • Address: 38107-38215 47th St E, Palmdale, CA 93552

Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}