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Coco's - Lakewood, CA

The subject property is located at 5809 Lakewood Boulevard, in Lakewood, California. The building has a GLA of 5,691 square feet and is situated on a 37,932-square foot lot.

 

The subject property is well-located at the signalized intersection of Lakewood Boulevard and South Street. The property sits adjacent to a Walgreens Pharmacy (sharing ingress/egress).

 

Just south of the subject property is the Lakewood Center Mall, California's third largest mall, anchored by 24-Hour Fitness, Macy's, Target, Costco, 24-Hour Fitness and over 60 other national and regional tenants, like Forever 21 and Fuddruckers. To the west is Lakewood Regional Medical Center offering 172 beds of emergency and tertiary care servicing the Lakewood region. Other nationally recognized retailers in the neighborhood include: Jack in the Box, Wendy's, Subway, Chipotle, Red Lobster, Norms, Del Taco and Chuck E. Cheese.

 

Coco's just recently renewed their lease for an additional 10-year period commencing January of 2013 and expiring February of 2023. At the conclusion of this new 10-year period, Coco's has four additional five-year options to renew (offering another potential 20 years of increase with fixed 12.5 percent rental increases every five years).

Additional Info

  • Address: : 5809 Lakewood Blvd., Lakewood, CA 90712
  • Price: : $3,280,000
  • Net Rentable Area: : 5,691
  • Lot Size (Acres): : 0.87
  • CAP Rate: : 5.49%
  • Price Per Sqft: : $575.07
  • NOI: : $180,000
  • Year Built: : 1962
  • Status: : Available