4333 Candlewood St - Restaurant FOR SALE


Lakewood, CA 90712
$15,972,000 USD
949-725-8582
4333 Candlewood St, Lakewood, CA for Sale
$15,972,000 USD
Restaurant - FOR SALE
1/6
null | 5.6% Cap Rate

4333 Candlewood St
Lakewood, CA 90712


HIGHLIGHTS

  • Proven Retail Strip Center – ±14,600 SF, 100% occupied retail strip center located at the high-traffic intersection of Candlewood St and Lakewood Blvd
  • Outstanding Historical Occupancy – All three tenants have occupied the center for over 20 years
  • Stable Cash Flow with Strong Income Growth – The NOI is projected to increase by more than $305,000 (±34%) over 10 yr projected hold period
  • Convenient Access, Significant Frontage – Over 200 feet of frontage along Candlewood St (±22,300 CPD), with easy access to Lakewood Blvd
  • Point of Destination Location – Part of the larger Lakewood Center, anchored by Target, Costco, The Home Depot, Albertsons and more

OVERVIEW

* Proven Retail Strip Center – Red Lobster, Verizon, & The Vitamin Shoppe @ Lakewood Center is a ±14,600 SF, 100% occupied retail strip center located at the high-traffic intersection of Candlewood St and Lakewood Blvd (±40,800 CPD). Tenanted by high-performing, long-term operators in a dense residential and retail trade area, the property delivers stable in-place income with attractive long-term growth potential * Outstanding Historical Occupancy – All three tenants have occupied the center for over 20 years, Red Lobster (1974), The Vitamin Shoppe (2005), and Verizon Wireless (2008) demonstrating a recession and internet resistant asset with exceptional tenant commitment * Stable Cash Flow with Strong Income Growth – The NOI is projected to increase by more than $305,000 (±34%) over the projected 10-year hold period, generating a ±3% CAGR * Convenient Access, Significant Frontage – Over 200 feet of frontage along Candlewood St (±22,300 CPD), with easy access to Lakewood Blvd (±40,800 CPD), driving strong daily exposure and accessibility * Point of Destination Location – As part of the larger Lakewood Center, anchored by Target, Costco, The Home Depot, Albertsons and more, this prime retail site benefits from exceptional visibility, high foot traffic, and strong tenant demand * Lakewood Center anchors the top retail hub in the city of Lakewood, with over 2.1 million SF of retail concentrated within a half-mile radius. Generating more than 22 million annual visitors per Placer.ai, ranking it as the highest performing retail center in California and 3rd Nationwide for in-store visits

FOR SALE DETAILS

PRICE

$15,972,000 USD

PRICE/SF

$1,094 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster, Verizon & The Vitamin Shoppe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LKC1*

APN/PARCEL ID

7170-022-001

ASK ABOUT THIS PROPERTY

Erin SmithCBREMore Info
949-725-8582

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Erin SmithCBREMore Info
949-725-8582

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.