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29648145
29648144

4833 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
$5,303,780
115 days on market
Updated 115 days ago

Starbucks

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,818
Units 1
Cap Rate 5%
NOI $265,189
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Expiration 01/31/2029
Remaining Term 2.7
Rent Bumps Yes
Lease Options 2 x 5-Year
Price per SqFt $2,917
Ownership Fee Simple

Outstanding Sales Performance & 30-Year Operating History | 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 Starbucks property located at 4833 Candlewood Street in Lakewood, California. Starbucks Corporation has operated at this location continuously since 1999, demonstrating more than two decades of proven operating history within one of Southern California’s most established retail corridors. The lease currently runs through January 31, 2029, and includes two additional five-year renewal options with rental increases at each option period. The location is further strengthened by strong and improving sales performance, with year-end 2024 sales of approximately $2.83 million and year-to-date sales through July 2025 totaling approximately $1.58 million, reflecting continued customer demand and positive operating momentum. Positioned directly along Candlewood Street with two points of ingress and egress, the Property offers investors durable cash flow supported by long-term occupancy, solid unit-level performance, and a highly functional infill retail location.

Investment highlights

  • Outstanding Sales Performance Supporting Durable Cash Flow

  • More Than Two Decades of Continuous Operations with Renewal Optionality

  • 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
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Annual Debt Service
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Annual Cash Flow
$265,189.00
$22,099.08/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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