5227 Lakewood Blvd - Retail FOR SALE


Lakewood, CA 90712- Lakewood Country Club
$11,755,000 USD
949-725-8606
5227 Lakewood Blvd, Lakewood, CA for Sale
$11,755,000 USD
Retail - FOR SALE
1/6
null | 6.25% Cap Rate

5227 Lakewood Blvd
Lakewood, CA 90712
Lakewood Country Club


HIGHLIGHTS

  • Publicly Traded, National Credit Tenant – 100% Leased to Savers Value Village, Inc. (NYSE: SVV), the largest for-profit thrift retailer in the U.S.
  • Long-Term NNN Lease – Savers is on a 10-year NNN lease
  • Beneficial Rental Increases – The lease provides for 10% rental increases every 5 years
  • Dominant Retail Hub Location – Lakewood Blvd is the dominant retail street and hub in the immediate trade area
  • High Traffic, Convenient Regional Location – Situated directly along Lakewood Blvd (±40,370 CPD)

OVERVIEW

* Publicly Traded, National Credit Tenant – 100% Leased to Savers Value Village, Inc. (NYSE: SVV), the largest for-profit thrift retailer in North America, operating over 360 locations across the United States, Canada, and Australia. * Savers operates within the rapidly expanding U.S. secondhand retail sector, which is currently estimated at approximately $61 billion and is projected to grow to $74 billion by 2029 * Long-Term NNN Lease – Savers is on a 10-year NNN lease which commenced in December 2023 and has over 7 years of firm remaining lease term * Beneficial Rental Increases – The lease provides for 10% rental increases every 5 years with the next increase in December 2028, benefitting future cash flow and providing a hedge against inflation * Dominant Retail Hub Location – Lakewood Blvd is the dominant retail street and hub in the immediate trade area, proving the viability of Savers as a retail property and location. In addition to adjacent retailers including Petco, Big 5 Sporting Goods, Hobby Lobby, and CVS, the property is located directly across the street from Lakewood Center, which is THE most visited regional mall in the country according to Placer.ai, with 22+ million visits over the past 12 months * High Traffic, Convenient Regional Location – Situated directly along Lakewood Blvd (±40,370 CPD), the trade area’s primary north-south corridor, near the Candlewood St (±22,950 CPD) intersection. The property’s central location offers convenient local and regional connectivity via the I-405, I-605, I-710, and CA-91

FOR SALE DETAILS

PRICE

$11,755,000 USD

PRICE/SF

$404 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Savers

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

108

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

C4

APN/PARCEL ID

7155-001-014

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

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