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Candlewood Shops @ Lakewood Center 4425 Candlewood St 37,832 SF 96% Leased Retail Building Lakewood, CA 90712 $31,063,252 ($821.08/SF) 5.75% Cap Rate

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Investment Highlights

  • OUTPARCEL SHOPS - Strip Center to Super Regional Lakewood Center
  • VALUE ADD - Mark-to-Market Rent Uplift
  • Costco, Target, Home Depot, Albertsons, Burlington, Macy’s, JC Penney, Best Buy, 24HR SuperSport
  • RELIABLE CASH FLOW - Healthy Occupancy Cost Ratios, National Credit Tenants
  • #1 RETAIL DESTINATION - Placer.ai - 22M Annual Consumers
  • GROWTH & INCOME - 685,000 residents earning over $119,000 Average House Hold Income

Executive Summary

Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in Luna Grill + Jersey Mike’s & Shops, an approximate 37,832 square foot out-parcel to the Two Million Square Foot Super Regional Lakewood Center located at the signalized intersections of Lakewood Boulevard and Candlewood Streets, Lakewood, CA 90712. The Property benefits from hard-corner visibility of the center’s primary ring road and share cross-access with powerhouse anchors including Costco, Target, The Home Depot, Albertsons, Macy’s, JCPenney, Burlington, Best Buy and 24 Hour Fitness, among many more.
Lakewood Center attracts more than 22 million consumer visits per year and is Placer.ai’s #1-ranked retail destination in California, drawing over two million more annual visits than the state’s next-busiest center. This high-profile location features a primary five-mile trade area with unparalleled density, including a population of over 685,000 residents earning over $119,000 Average House Hold Income. In addition, the center consists of over 150 acres conveniently accessible from four of the most trafficked arterials with approximately 112,000 cars passing the center daily. In 2024 the City of Lakewood adopted a Mixed-Use Overlay implementing its Housing Element, paving the way for up to 1,000+ new residential units on and around the Lakewood Center campus, further enhancing daily footfall and long-term land value.
Parcels are available separately or as a portfolio.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
37,832 SF
Building Class
B
Year Built/Renovated
1968/2020
Price
$31,063,252
Price Per SF
$821.08
Cap Rate
5.75%
NOI
$1,786,137
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
2.73 AC
Zoning
LKC1*
Parking
292 Spaces (6.3 Spaces per 1,000 SF Leased)
Frontage
515’ on Candlewood st

Amenities

  • 24 Hour Access
  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • -
  • -

Destination XL Group, Inc. is the largest integrated-commerce specialty retailer of Big + Tall men’s clothing and shoes, offering the most extensive assortment of brands and exclusive styles for Big + Tall men. DXL allows Big + Tall guys the freedom to choose their own style. It’s everything they’ve been searching for and, at DXL, they will find top designer brands in the sizes they need, as well as, stylish choices they won’t find anywhere else and, above all, clothes that actually fit them. The Wear What You Want? brand positioning encompasses DXL’s commitment to its guests by providing clothes that actually fit Big + Tall shoppers. DXL’s unparalleled fit expertise, combined with the broadest assortment of brands and style options, the highest standards of quality, and an experience like no other make up what DXL calls The DXL Factor, and they believe every Big + Tall man deserves to have it.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Jersey Mike’s Subs, founded in 1956 as “Mike’s Subs,” is a privately held, franchise-based fast-casual chain headquartered in Manasquan, New Jersey. Known for preparing East Coast–style subs “Mike’s Way” with fresh-baked bread and meats sliced daily, the brand now operates over 3,000 locations across North America. In November 2024, Blackstone acquired a majority stake, with Founder and CEO Peter Cancro retaining a significant equity position. The Bordentown branch, located in Acme Commons, opened in early 2025 with franchise owners Nick, Tom, and Patrick Ballad, following a ribbon-cutting featuring local officials. The company is ranked among the fastest-growing U.S. franchises and supports nationwide community initiatives, including its Annual Day of Giving.

  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -

Luna Grill is more than just a restaurant. They are a family. And their family started back in 2004 when Sean & Maria Pourteymour’s passion for feel good, wholesome fare came to life as Luna Grill. Today Luna Grill is bringing incredibly fresh Mediterranean cuisine inspired from the heart and kitchen of their family to share with you at their favorite place to enjoy life together, their table. Eat Real, Fuel Good.

  • Retailer
  • -
  • -
  • -
  • -

Mattress Firm is a U.S.-based mattress and sleep products retailer headquartered in Houston, Texas. Founded in 1986, the company began with a single store and expanded steadily through acquisitions, franchise development, and continued retail growth. Mattress Firm operates thousands of locations across the country offering mattresses, adjustable bases, bedding accessories, and related sleep solutions. The organization’s headquarters manages strategic planning, corporate operations, supply chain functions, merchandising, marketing, and customer service.

  • Retailer
  • -
  • -
  • -
  • -

Founded in 1997 by friends Dena Tripp and Debbie Shwetz, Nothing Bundt Cakes began in Las Vegas with a shared dream to bring joy through cake. What started in home kitchens has grown into a beloved national brand with over 600 bakeries across the U.S. and Canada. Known for their signature cream cheese frosting and nostalgic yet elevated flavors, the brand offers Bundt cakes in various sizes for every celebration—from birthdays to “just because.” With a focus on quality ingredients and heartfelt service, Nothing Bundt Cakes continues to spread joy one Bundt at a time.

  • Pacific Dental
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Information
  • -
  • -
  • -
  • -

Spectrum is the consumer brand of Charter Communications, a leading U.S. telecommunications and mass media company headquartered in Stamford, Connecticut. Charter Communications was founded in 1993 and relocated its corporate headquarters from St. Louis to Stamford in 2012. The company provides broadband internet, cable television, mobile, and voice services to residential and business customers across 41 states. Spectrum emerged as the unified brand in 2014 following Charter’s rebranding initiative and expanded significantly after acquiring Time Warner Cable and Bright House Networks in 2016.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - - -
Accommodation and Food Services - - - -
Accommodation and Food Services - - Triple Net -
Retailer - - - -
Retailer - - - -
Pacific Dental Health Care and Social Assistance - - - -
Information - - - -
Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Mimi's Cafe
Flame Broiler
Five Guys
Chili's Grill & Bar
Corner Bakery
Red Lobster
IHOP
Outback Steakhouse
El Torito

Property Taxes

Property Taxes

Parcel Number
7170-022-001
Land Assessment
$9,116,470
Improvements Assessment
$7,609,613
Total Assessment
$16,726,083
  • Listing ID: 39355054

  • Date on Market: 2/6/2026

  • Last Updated:

  • Address: 4425 Candlewood St, Lakewood, CA 90712

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