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Savers 5227 Lakewood Blvd 29,039 SF Retail Building Lakewood, CA 90712 $16,104,350 CAD ($554.58 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Publicly Traded, National Credit Tenant – 100% Leased to Savers Value Village, Inc. (NYSE: SVV), the largest for-profit thrift retailer in the U.S.
- Beneficial Rental Increases – The lease provides for 10% rental increases every 5 years
- High Traffic, Convenient Regional Location – Situated directly along Lakewood Blvd (±40,370 CPD)
- Long-Term NNN Lease – Savers is on a 10-year NNN lease
- Dominant Retail Hub Location – Lakewood Blvd is the dominant retail street and hub in the immediate trade area
Executive Summary
* Savers operates within the rapidly expanding U.S. secondhand retail sector, which is currently estimated at approximately $61 billion and is projected to grow to $74 billion by 2029
* Long-Term NNN Lease – Savers is on a 10-year NNN lease which commenced in December 2023 and has over 7 years of firm remaining lease term
* Beneficial Rental Increases – The lease provides for 10% rental increases every 5 years with the next increase in December 2028, benefitting future cash flow and providing a hedge against inflation
* Dominant Retail Hub Location – Lakewood Blvd is the dominant retail street and hub in the immediate trade area, proving the viability of Savers as a retail property and location. In addition to adjacent retailers including Petco, Big 5 Sporting Goods, Hobby Lobby, and CVS, the property is located directly across the street from Lakewood Center, which is THE most visited regional mall in the country according to Placer.ai, with 22+ million visits over the past 12 months
* High Traffic, Convenient Regional Location – Situated directly along Lakewood Blvd (±40,370 CPD), the trade area’s primary north-south corridor, near the Candlewood St (±22,950 CPD) intersection. The property’s central location offers convenient local and regional connectivity via the I-405, I-605, I-710, and CA-91
Property Facts
Amenities
- Security System
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
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- SF Occupied
- Rent/SF
- Lease Type
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$9.99
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Lorem Ipsum
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Savers, also known as Value Village in some regions, is a publicly traded thrift store retailer headquartered in Bellevue, Washington. The company was founded in 1954 by Bill Ellison in San Francisco, California, and has grown into an international chain with locations across the United States, Canada, and Australia. Savers operates under a unique model by partnering with nonprofit organizations, purchasing donated goods from them, and reselling these items in its stores. This approach supports charitable organizations while promoting reuse and recycling. The company offers a wide range of secondhand merchandise, including clothing, footwear, furniture, electronics, and household goods. Over the decades, Savers has expanded its brand under different names, such as Value Village and Unique, depending on the region.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 7155-001-014 | Improvements Assessment | $2,857,147 CAD |
| Land Assessment | $5,371,436 CAD | Total Assessment | $8,228,582 CAD |
Property Taxes
Presented by
Savers | 5227 Lakewood Blvd
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