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4425 Candlewood St
Lakewood, CA 90712
Candlewood Shops @ Lakewood Center · Retail Property For Sale
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.
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 Under Contract
Sale Type
Investment NNN
Property Type
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
100%
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
Property Taxes
| Parcel Number | 7170-022-001 | Improvements Assessment | $7,609,613 |
| Land Assessment | $9,116,470 | Total Assessment | $16,726,083 |
Property Taxes
Parcel Number
7170-022-001
Land Assessment
$9,116,470
Improvements Assessment
$7,609,613
Total Assessment
$16,726,083
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