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California Shoe Palace Portfolio 6 Retail Properties Offered at $23,563,000 in Multiple Locations
Investment Highlights
- 250+ Shoe Palace Stores Across 13 States
- Subsidiary of the World’s Largest Specialty Sneaker Retailer
- 50%+ Store Count Growth Since JD Acquisition (2020)
Executive Summary
The Shoe Palace Portfolio consists of six 100% leased street-retail properties leased to one of the nation’s leading athletic footwear and apparel retailers. The stores are well-established and strategically located throughout California in densely populated urban trade areas. The properties feature a combination of flagship urban storefronts and dominant neighborhood retail locations, benefiting from strong pedestrian activity, high traffic counts, and long-standing tenant occupancy. With lease structures that include scheduled rent increases and extension options, the portfolio offers stable in-place cash flow, attractive income growth, and exposure to some of California’s most established and underserved retail corridors.
Property Facts
| Price | $23,563,000 | Number of Properties | 6 |
| Price / SF | $654.09 / SF | Individually For Sale | 0 |
| Cap Rate | 6.75% | Total Building Size | 36,024 SF |
| Sale Type | Investment | Total Land Area | 1.64 AC |
| Status | Active |
| Price | $23,563,000 |
| Price / SF | $654.09 / SF |
| Cap Rate | 6.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 36,024 SF |
| Total Land Area | 1.64 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 8025-8027 Firestone Blvd, Downey, CA 90241 | Retail | 5,700 SF | 1949 | - |
| 5365 Long Beach Blvd, Long Beach, CA 90805 | Retail | 3,438 SF | 1945 | - |
| 862 S Main St, Los Angeles, CA 90014 | Retail | 6,300 SF | 2011 | - |
| 2324 E Cesar E Chavez Ave, Los Angeles, CA 90033 | Retail | 4,761 SF | 1923 | - |
| 891 S E St, San Bernardino, CA 92408 | Retail | 9,832 SF | 1980 | - |
|
Shoe Palace
554 N Wilson Way, Stockton, CA 95205 |
Retail | 5,993 SF | 2018 | - |
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