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4333 Candlewood St
Lakewood, CA 90712
Red Lobster+Verizon @ Lakewood Center · Retail Property For Sale


Investment Highlights
- OUTPARCEL SHOPS - Strip Center to Super Regional Lakewood Center
- #1 RETAIL DESTINATION - Placer.ai - 22M Annual Consumers
- Costco, Target, Home Depot, Albertsons, Burlington, Macy’s, JC Penney, Best Buy, 24HR SuperSport
- RELIABLE CASH FLOW - Healthy Occupancy Cost Ratios, National Credit Tenants
- GROWTH & INCOME - 685,000 residents earning over $119,000 Average HHI
Executive Summary
Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in Red Lobster+Verizon+The Vitamin Shoppe, an approximate 14,600 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 Household 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 Household 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
Retail
Property Subtype
Building Size
14,600 SF
Building Class
C
Year Built/Renovated
1974/2020
Price
$19,603,549 CAD
Price Per SF
$1,342.71 CAD
Cap Rate
5.75%
NOI
$1,127,204 CAD
Tenancy
Single
Building Height
1 Story
Property Taxes
| Parcel Number | 7170-022-001 | Improvements Assessment | $10,376,925 CAD |
| Land Assessment | $12,431,765 CAD | Total Assessment | $22,808,690 CAD |
Property Taxes
Parcel Number
7170-022-001
Land Assessment
$12,431,765 CAD
Improvements Assessment
$10,376,925 CAD
Total Assessment
$22,808,690 CAD
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