Kidder Mathews is pleased to present two free-standing buildings at the major intersection of Lakewood Blvd and Telegraph Road in the City of Downey. These properties are shadow-anchored by one of the most-visited Starbucks locations in the nation, with over 460,000 visitors annually.
The tenants are currently on a month-to-month basis, presenting a tremendous opportunity for an investor or owner-user. There is immediate upside for an investor looking to capture a handsome cap rate, or an owner-user can occupy the property with just 30 days' notice to vacate.
The property also provides a supplemental income stream from a billboard and offers ample parking in the front and side portions of the parcel. It is situated on a cul-de-sac, with several parking spaces usually available.