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Cycle Gear | Pasadena Premier Retail Corridor 414 S Lake Ave 8,500 SF Retail Building Pasadena, CA 91101 $7,536,572 CAD ($886.66 CAD/SF) 5.31% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Premier Pasadena Retail Corridor | Strong Tenant Synergy
  • High-Density Trade Area | Affluent Consumer Base

EXECUTIVE SUMMARY

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in 414 South Lake Avenue, a rare single-tenant retail asset ideally situated along one of Pasadena’s premier retail corridors. The property boasts 50 feet of street frontage on South Lake Avenue and encompasses 7,000 square feet of ground-floor retail space plus an additional 1,500 square feet of second-floor office space. The tenant, Cycle Gear is a leading national retailer of motorcycle apparel and accessories with 165+ locations nationwide. The tenant has approximately 6 years remaining, with 2 (5-year) renewal options The subject property represents a strategically positioned brand location within a premier Southern California retail market.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,500 SF
Building Class
C
Year Built/Renovated
1962/2022
Price
$7,536,572 CAD
Price Per SF
$886.66 CAD
Cap Rate
5.31%
NOI
$400,214 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.93
Lot Size
0.21 AC
Zoning
PSC
Parking
3 Spaces (0.43 Spaces per 1,000 SF Leased)
Frontage
50’ on S Lake Ave

AMENITIES

  • Bus Line
  • Food Court
  • Signalized Intersection
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (91)
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

Peet's Coffee
Starbucks
The Coffee Bean & Tea Leaf
Pavilions
California Credit Union
Citi
HomeStreet Bank
WaFd Bank
First Citizens Bank & Trust
City National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5735-031-006
Land Assessment
$3,070,776 CAD
Improvements Assessment
$2,418,709 CAD
Total Assessment
$5,489,485 CAD
  • Listing ID: 38396725

  • Date on Market: 2025-11-10

  • Last Updated:

  • Address: 414 S Lake Ave, Pasadena, CA 91101

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