Lakeside, CA - Central Lakeside Shopping Center

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the Central Lakeside Shopping Center, a 59,736 SF grocery-anchored investment property located in Lakeside, California. This shopping center is 95% occupied and boasts a diverse lineup of strong corporate tenants, including Grocery Outlet, Walgreens, O’Reilly Auto Parts, Starbucks, Jersey Mike’s, and KFC. The anchor tenant, Grocery Outlet, has recently signed a new 10-year lease with four 5-year options to extend, demonstrating their long-term commitment to the site. Additionally, EVgo has secured a brand new 10-year lease for an electric vehicle charging station, providing an additional and stable income stream. The KFC on-site operates from a freestanding building with drive-through access. Starbucks with drive-through access, and other 3 tenants also occupies a separate building on its own parcel. The offering has a potential break-up opportunity to maximize the property’s value.

Strategically positioned at the signalized, hard-corner intersection of Woodside Avenue and Winter Gardens Boulevard, the shopping center benefits from high visibility and accessibility, with an average of 57,900 vehicles passing by daily. The property also offers quick access to State Highway 67, which sees 79,000 vehicles per day. With multiple points of ingress and egress and significant street frontage, the shopping center is well-positioned to attract and retain tenants. The 5-mile trade area is supported by over 212,000 residents and 79,000 employees, with an affluent average household income of $115,561, making this a premier Southern California retail opportunity.