Vacant Junior Box | Lakewood (Los Angeles County), CA

Highlights:

• This rare offering presents a value-add, redevelopment opportunity to acquire a class A vacant junior box property that is part of a Vons grocery anchored center in Los Angeles County, CA, as Rite Aid has recently vacated the site.
• The subject property is a junior anchor space in the Lakewood Marketplace Shopping Center, which is home to several national retailers including Vons, Chase Bank, Starbucks, Arby’s, UnionBank, Daiso, and Banfield Pet Hospital, among others.
• There are 26,250 residents located in the one (1) mile demographic ring and 665,984 residents located in the five (5) mile demographic ring.
• The average household income in the one (1) mile demographic ring is an affluent $131,920.
• The subject property is strategically situated near the hard-signalized corner of Woodruff Ave. and South St., which report strong combined traffic counts of 48,532 cars per day.
• The subject property is positioned directly across the street from The 5800 Apartment Homes, a 2-story complex with 149 units. This implies a built-in customer base.
• The subject property is situated in close proximity to the I-605 freeway, which reports traffic counts of 246,000 cars per day. The I-605 freeway is a major north–south auxiliary Highway that runs from I-405 and State Route 22 in Seal Beach to I-210 just south of the Irwindale–Duarte border.
• Lakewood is located in Southern Los Angeles County, 20 miles south of Los Angeles in Southern California. Almost 3,000 businesses are located in Lakewood.
• Los Angeles County has the largest population of any county in the nation – nearly 10 million residents who account for approximately 27% of California’s population. The county has the 21st largest economy in the world and welcomes 50+ million annual visitors.

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