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5310 Lakewood Blvd
Lakewood, CA 90712
Chipotle+IHOP Candlewood Shops @ Lakewood Ctr · Retail Property For Sale
Investment Highlights
- OUTPARCEL SHOPS - Strip Center to Super Regional Lakewood Center
- #1 RETAIL DESTINATION - Placer.ai - 22M Annual Consumers
- RELIABLE CASH FLOW - Healthy Occupancy Cost Ratios, National Credit Tenants
- GROWTH & INCOME - 685,000 residents earning over $119,000 Average Household Income
Executive Summary
Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in Chipotle & IHOP, an approximate 5,550 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 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.
The Property benefits from hard-corner visibility of the center’s primary 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,550 SF
Building Class
B
Year Built
2006
Price
$11,236,271 CAD
Price Per SF
$2,024.55 CAD
Cap Rate
4.50%
NOI
$505,632 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.33 AC
Zoning
LKC4YY
Parking
40 Spaces (7.21 Spaces per 1,000 SF Leased)
Frontage
144’ on Lakewood Blvd
Amenities
- Bus Line
- Signalized Intersection
Property Taxes
| Parcel Number | 7170-022-002 | Improvements Assessment | $2,609,432 CAD |
| Land Assessment | $1,697,543 CAD | Total Assessment | $4,306,975 CAD |
Property Taxes
Parcel Number
7170-022-002
Land Assessment
$1,697,543 CAD
Improvements Assessment
$2,609,432 CAD
Total Assessment
$4,306,975 CAD
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