Shopping Strip
Shoe Palace (Downey)
8027 Firestone Blvd, Downey, CA 90241
Listing Price: $2,830,000
Investment Overview
Strong tenant credit
The tenant, Shoe Palace Corporation, operates approximately 160
stores across the U.S. and is a subsidiary of JD Sports, a multinational
sportswear and footwear retailer with worldwide sales of $13.1 billion
in 2023.
Shoe Palace (Downey)
Investment Highlights
- Significant annual increases The lease allows for 4% annual rental increases, ensuring consistent growth in cash flow throughout the term and option period.
- High traffic counts Positioned near the intersection of Firestone Boulevard (±40,837 cars per day) and Paramount Boulevard (±32,081 cars per day), which serves as a key east/west interstate connector
- Prime infill demographics Located in a dense, infill area approximately 14 miles from Downtown Los Angeles, with over 260,000 residents within a 3-mile radius.
Exclusively Listed By
Listing Price: $2,830,000
Investment Highlights
- Significant annual increases The lease allows for 4% annual rental increases, ensuring consistent growth in cash flow throughout the term and option period.
- High traffic counts Positioned near the intersection of Firestone Boulevard (±40,837 cars per day) and Paramount Boulevard (±32,081 cars per day), which serves as a key east/west interstate connector
- Prime infill demographics Located in a dense, infill area approximately 14 miles from Downtown Los Angeles, with over 260,000 residents within a 3-mile radius.
Investment Overview
Strong tenant credit The tenant, Shoe Palace Corporation, operates approximately 160 stores across the U.S. and is a subsidiary of JD Sports, a multinational sportswear and footwear retailer with worldwide sales of $13.1 billion in 2023.
Exclusively Listed By
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