Downey, CA - Shoe Palace Listing Details & Market Data

Shoe Palace is located at the signalized, hard corner intersection of firestone Blvd and Paramount Blvd, serving a combined 70,000 vehicles per day. Located in a dense retail corridor, Shoe Place is within close proximity to multiple national/credit tenants including Walmart Supercenter, Target, Sams Club, Big Lots, Home Depot, and Bed Bath & Beyond. Strong tenant synergy increases consumer draw to the immediate trade and promotes crossover store exposure to the site. Furthermore, the asset is located just two miles south of The Promenade at Downey, a 77-acre 656,000-square-foot retail power center anchored by a Walmart Supercenter and 24-Hour Fitness, further increasing consumer draw to the subject trade area. Moreover, the site is ideally positioned between Warren Highschool (3,592 students) and PIH Health Downey Hospital (199 beds), futher increasing consumer traffic to the site. The 5-mile subject trade area is supported by more than 790,000 residents and 257,000 daytime employees. Residents within a 1-mile radius earn an average income of over $88,000.