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29566390

4711 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
$8,371,420
120 days on market
Updated 120 days ago

Wells Fargo

Details
Property Type Retail
Sub Type Bank
Square Footage 5,000
Units 1
Cap Rate 5%
NOI $418,571
Occupancy 100%
Tenancy Single
Brand/Tenant Wells Fargo Bank
Lease Type Absolute NNN
Lease Expiration 03/31/2028
Remaining Term 1.8
Lease Options 1 x 5 years
Price per SqFt $1,674
Buildings 1
Ground Lease Yes

Outstanding Branch Deposit Performance | Part of 2M+ SF Lakewood Center

Marketing description

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a single-tenant Wells Fargo property located at 4711 Candlewood Street in Lakewood, California. The Property consists of a 5,000-square-foot building, ground leased since 2008 under an absolute NNN structure with no landlord responsibilities. Wells Fargo Bank, N.A. has operated at this location for nearly twenty years and recently completed a building update, underscoring its long-term commitment to the site. The lease currently runs through March 31, 2028, with one remaining five-year renewal option. The lease is further strengthened by highly consistent deposit performance, with branch deposits exceeding $256 million annually over the past several years. With CPI-based rental increases subject to a cap, the Property offers investors durable cash flow supported by contractual rent growth and the tenant’s long-standing operating history at the location.

Investment highlights

  • Consistent Deposit Performance Supporting Durable Cash Flow

  • Nearly Two Decades of Operations with Long-Term Commitment

  • Prime Southern California Infill Location

  • Dominant Regional Trade Area

  • High-Profile Hard Corner Location

  • 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
$418,571.00
$34,880.92/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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