* 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