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38107-38215 47th St E 303,561 SF 99% Leased Retail Building Palmdale, CA 93552 For Sale



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
Property Facts
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Bath & Body Works began in 1990 in New Albany, Ohio, as a personal care retailer under The Limited brand. The company created a market niche between drugstore staples and luxury goods with affordable fragrances and lotions. Their product lines expanded to include 3-wick candles and seasonal collections that became customer favorites. After separating from L Brands in 2021, they now operate as an independent entity with global reach through company-owned stores and international partnerships. Their business focuses on body care, home scents, and soaps while maintaining a strong retail presence across multiple continents.
Chipotle Mexican Grill is a publicly traded fast-casual restaurant company headquartered in Newport Beach, California. Founded in 1993, the company focuses on serving customizable Mexican-inspired dishes prepared with fresh ingredients. Chipotle relocated its headquarters from Denver to Newport Beach in 2018, establishing its primary corporate offices at 610 Newport Center Drive, Suite 1300, where the executive team and administrative functions are based. The organization operates thousands of restaurant locations globally and remains known for its emphasis on sustainable sourcing and its “Food with Integrity” philosophy. Chipotle is listed on the New York Stock Exchange under the ticker symbol CMG and functions as a large enterprise within the restaurant industry. Over time, the company has expanded its operational capabilities through additional support centers across the United States. The headquarters in Newport Beach continues to oversee national operations, strategic planning, and brand development.
dd’s Discounts is an off-price retail chain specializing in affordable apparel, footwear, and home merchandise. The brand was launched in 2004 as part of Ross Stores, Inc., targeting customers seeking moderately priced products at significant discounts. dd’s Discounts operates under the same off-price model as Ross Dress for Less but focuses on neighborhood-based locations and value-driven assortments. The company offers clothing for men, women, and children, along with home décor, toys, and seasonal items. Headquartered in Dublin, California, dd’s Discounts is a subsidiary of Ross Stores, Inc., which trades publicly on NASDAQ under the ticker symbol ROST. The chain has expanded steadily since inception and continues to grow across the United States.
PetSmart began in 1986 in Phoenix, Arizona, as a small pet food warehouse before expanding into a major retail chain. The company now operates numerous superstores across North America offering extensive pet product selections and services. Their business includes grooming salons, dog training programs, boarding facilities, and adoption events through PetSmart Charities. Over the years, PetSmart has maintained a significant presence in the pet supplies market while diversifying their service offerings to support pet owners throughout their animals' lives.
Ross Dress for Less began in 1982 when a group transformed six San Bruno department stores into discount outlets. The chain quickly grew by selling branded overstock at low prices. Today Ross operates nationwide with a no-frills approach - focusing on bargains rather than store decor. Shoppers visit for deals on clothing, shoes, accessories, and home goods. The company emphasizes community support through youth education programs and local hiring initiatives. Ross maintains a strong market presence by offering name-brand products at reduced prices in a fast-paced retail environment.
The Home Depot was founded in 1978 in Atlanta, Georgia, with the goal of creating a one-stop destination for home improvement needs. Over the years, the company has grown into a leading retailer of building materials, tools, appliances, and related services for both professional contractors and do-it-yourself customers. Headquartered in Atlanta, The Home Depot operates across the United States, Canada, and Mexico, offering a wide range of products for home construction, maintenance, and renovation. The company is publicly traded on the New York Stock Exchange under the ticker symbol HD. Its business model combines large-format retail stores with an expanding e-commerce platform to meet customer demand for convenience and product variety. The Home Depot has also introduced services such as tool rental and installation to complement its core retail offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | - | - | - | ||
|
Accommodation and Food Services | - | - | - | ||
|
Retailer | - | - | - | ||
|
Retailer | - | $36.00 | - | ||
|
Retailer | - | - | - | ||
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $50,279,405 | |
| Land Assessment | $22,217,727 | Total Assessment | $72,497,132 |
Property Taxes
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38107-38215 47th St E
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