Log In/Sign Up
Your email has been sent.
4634 Candlewood St
Lakewood, CA 90712
Raising Cane's · Retail Property For Sale
Investment Highlights
- Prime location with excellent access to major highways and transportation routes.
- High visibility and strong traffic counts enhance branding opportunities.
- Surrounded by a strong mix of retail, dining, and lifestyle amenities.
- Positioned in a growing market with robust demographics and economic activity.
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a single-tenant Raising Cane’s property located at 4634 Candlewood Street in Lakewood, California. The Property consists of a 4,014-square-foot building situated on 0.28 acres, ground leased since 2018 under an absolute NNN structure. Raising Cane’s has operated at this location since March 7, 2018, and continues to generate strong sales performance with FY 2024 sales of $12.1 million and rolling 12-month sales of $12.4 million, surpassing the natural percentage rent breakpoint. The lease runs through March 31, 2033, providing approximately 7 years and 3 months of term remaining, with three five-year renewal options for long-term security. Fixed 10 percent rental increases every five years, coupled with percentage rent payments tied directly to sales, create a compelling combination of contractual rent growth and additional upside participation. The Property offers investors durable and growing cash flow supported by both the tenant’s strong operating performance and the long-term stability of the absolute NNN lease structure.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,014 SF
Building Class
B
Year Built/Renovated
1951/2001
Price
$14,619,659 CAD
Price Per SF
$3,642.17 CAD
Cap Rate
4.50%
NOI
$657,885 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.28 AC
Zoning
LKC4* - Shopping Center
Parking
60 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
190’ on Candlewood St
Amenities
- Bus Line
Property Taxes
| Parcel Number | 7172-001-049 | Improvements Assessment | $213,210,274 CAD |
| Land Assessment | $79,960,132 CAD | Total Assessment | $293,170,406 CAD |
Property Taxes
Parcel Number
7172-001-049
Land Assessment
$79,960,132 CAD
Improvements Assessment
$213,210,274 CAD
Total Assessment
$293,170,406 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
