Pasadena, CA - Cycle Gear

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in 414 South Lake Avenue, a rare single‑tenant retail asset ideally situated along one of Pasadena’s premier retail corridors. The property boasts 50 feet of street frontage on South Lake Avenue and encompasses 7,000 square feet of ground‑floor retail space plus an additional 1,500 square feet of second‑floor office space. The tenant, Cycle Gear is a leading national retailer of motorcycle apparel and accessories with 165+ locations nationwide. The tenant has approximately 6 years remaining, with 2 (5‑year) renewal options The subject property represents a strategically positioned brand location within a premier Southern California retail market.

Located directly across from the subject property, The Shops on Lake Avenue serves as the anchor destination within Pasadena’s South Lake Avenue retail district, featuring major national tenants such as Macy’s, T.J. Maxx, and Trader Joe’s. The Shops generate 9 million+ annual visits (Placer.ai) providing significant crossover consumer traffic to neighboring complementary and specialty retailers including Williams‑Sonoma, Ross, Talbots, and Ann Taylor, Erewhon, and Cycle Gear. Renowned as a “Walker’s Paradise” with a Walk Score of 95 (CoStar), South Lake Avenue is one of Pasadena’s most pedestrian‑friendly corridors, offering exceptional visibility, accessibility, and a vibrant shopping experience for consumers.

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