4645 Candlewood St - Retail FOR SALE


Lakewood, CA 90712
$11,495,000 USD
949-725-8582
4645 Candlewood St, Lakewood, CA for Sale
$11,495,000 USD
Retail - FOR SALE
1/7
null | 5.45% Cap Rate

4645 Candlewood St
Lakewood, CA 90712


HIGHLIGHTS

  • High-Quality SoCal Offering – BevMo! and Shops @ Lakewood Center is an 88% occupied, two building retail center totaling ±12,543 SF
  • Outstanding Historical Occupancy – All four tenants have occupied the center for over 10 years, demonstrating a recession-resistant asset
  • Significant Increase in NOI – At 88% occupancy (±1,461 SF suite available), the NOI is projected to increase by more than $115,000 (±18%) in Year 3
  • Favorable Health Ratios – BevMo!, Five Guys, and Flame Broiler all report robust sales, further validating tenant performance
  • Point of Destination Location – As part of the larger Lakewood Center, this prime site benefits from exceptional visibility & strong tenant demand

OVERVIEW

* High-Quality SoCal Offering – BevMo! and Shops @ Lakewood Center is an 88% occupied, two building retail center totaling ±12,543 SF. Located on the hard corner of Graywood St and Candlewood St (±22,300 CPD), the property consists of a freestanding BevMo! and a high-quality, internet-resistant strip center. Benefiting from strong historical occupancy and complementary surrounding retail, the offering delivers stable in-place income with solid long-term growth potential * Outstanding Historical Occupancy – All four tenants have occupied the center for over 10 years: BevMo! (2016), Five Guys (2012), Flame Broiler (2013), and Community America FCU (2016). Demonstrating a recession-resistant asset with exceptional tenant commitment to the location, stable cash flow and limited downtime/roll over costs * Significant Increase in NOI – At 88% occupancy (±1,461 SF suite available), the current NOI is projected to increase by more than $115,000 (±18%) in Year 3 and by more than $280,000 (±45%) in Year 10, representing a ±3.8% CAGR * Favorable Health Ratios – BevMo!, Five Guys, and Flame Broiler all report robust sales, further validating tenant performance and overall demand at this location (please contact broker for more details) * 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

$11,495,000 USD

PRICE/SF

$916 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BevMo! & Shops

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

46

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.