17500 Carmenita Rd, Cerritos, CA 90703

• The Property represents a rare opportunity to acquire a well-located infill retail asset in Cerritos, California at a basis significantly below replacement cost. Positioned at the signalized intersection of Carmenita Road and Artesia Blvd., the center combines existing NNN cash flow with substantial upside through anchor repositioning, re-leasing, subdivision potential, and future pad development.
• Estimated Parking Ratio: 4.7 spaces per 1,000 SF The property benefits from a large surface parking field with an estimated 204 on-site parking spaces, resulting in an attractive parking ratio of approx. 4.7 spaces per 1,000SF, which is well-aligned with neighborhood retail and service-oriented uses.
• Strategically positioned at the signalized intersection of Carmenita Road and Artesia Blvd., the property benefits from strong daily traffic counts of approximately 59,000 ADT, excellent visibility, and immediate access to the I‑5 and SR‑91 Freeways.

Strategic Highlights:

• Attractive Basis Below Replacement Cost
• Rare 3.8 Acre Infill Parcel in Cerritos
• Immediate NOI with Significant Repositioning Upside
• 26,676 SF Flexible Anchor Opportunity
• Potential for Multi-Tenant Subdivision or Grocery Re-Tenanting
• Strong existing Traffic Drivers Including Dollar Tree & Bank of Hope
• NNN Expense Structure Limiting Landlord Exposure
• Pad Development / Outparcel Potential
• Located in a Supply-Constrained Retail Corridor
• Strong Demographics & Dense Consumer Base

Tenant Summary (Cash Flow & Upside):

• Daniel’s Home Center – 26,676 SF | Month-to-Month

Primary value-add component allowing re-tenanting, subdivision, or repositioning

• Dollar Tree – 10,190 SF | Options remaining

National credit tenant providing stable daily-needs traffic

• Bank of Hope – 5,702 SF | Lease through 2027

Financial services tenant enhancing tenant mix stability

(Current Tenancy Balances Near-Term Income Stability with Strategic Repositioning Flexibility)

Executive Summary:

The property located at 17500 Carmenita Rd offers a compelling opportunity to introduce a freestanding retail or service pad within an established neighborhood shopping center. Leveraging existing shared parking and strong street exposure, the site can accommodate either a single-tenant or two-tenant pad building without increasing development intensity or requiring zoning changes.

Development Alternatives:

NOTE: Development Alternatives (Conceptual Only)

The following development concepts are provided for illustrative purposes only and are not approvals, entitlements, or representations of buildable area. Buyer and Buyer’s consultants shall independently verify zoning, parking, access, utilities, environmental conditions, and all development feasibility with the City of Cerritos and other applicable authorities prior to closing.

Option A – Single-Tenant Freestanding Pad

• Approx. 4,500 SF, one story

• Neighborhood retail or service use

• 15–18 parking spaces required (shared parking)

• Lowest entitlement risk and strongest tenant demand

Option B – Two-Tenant Retail Pad

• Approx. 5,000–5,500 SF total

• Two suites of ±2,500–2,750 SF

• 17–22 parking spaces required (shared parking)

• Higher income potential with tenant diversification Parking & Site Feasibility

The existing shopping center provides a strong parking field with an estimated center- wide ratio of approximately 4.7 spaces per 1,000 SF. Incremental parking demand generated by either pad alternative can be absorbed without impacting existing tenant operations. No structured parking or variances are anticipated.