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29557640

4771 Candlewood St, Lakewood, CA 90712

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
JD
IL 475.188290
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Northmarq - Chicago
$5,052,632
120 days on market
Updated 120 days ago

America's Tire

Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 8,688
Units 1
Cap Rate 4.75%
NOI $240,000
Occupancy 100%
Lease Expiration 12/31/2037
Remaining Term 11.6
Rent Bumps Yes
Lease Options 3 x 5 years
Price per SqFt $582
Buildings 1
Ground Lease Yes

Abs NNN Ground Lease | ~12 Years LTR and 10% Rental Increases

Marketing description

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a single-tenant America’s Tire property located at 4771 Candlewood Street in Lakewood, California. The Property consists of an 8,688-square-foot building and is held under a Abs NNN ground lease structure. The tenant commenced operations at this location in 2022 under a long-term lease extending through December 31, 2037, with three additional five-year renewal options remaining. The lease features contractual 10 percent rental increases every five years, providing built-in income growth over the remaining term and option periods. With nearly twelve years of lease term remaining and a service-oriented retail use, the Property offers investors durable cash flow supported by a long-term lease structure and a nationally recognized operator.

Investment highlights

  • Abs NNN Ground Lease with Embedded Rent Growth and Strong LTR

  • Prime Southern California Infill Location

  • Dominant Regional Trade Area

  • High-Visibility Candlewood Street Frontage

  • Institutional Retail Destination: Lakewood Center

Listing Contacts

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
JD
IL 475.188290
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Northmarq - Chicago

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$240,000.00
$20,000.00/mo

Valuation Metrics

0
DSCR
4.75%
Cap Rate
4.75%
ROI

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