Retail

Lincoln Station - Cerritos

11900 S St, Cerritos, CA, 90703-6847, US

Lincoln Station - Cerritos_Property for Sale

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Asset description

JLL has been exclusively retained by Ownership to offer qualified investors the exciting opportunity to acquire the leasehold interest in Lincoln Station (the “Property”), a 91,334 square-foot recently renovated grocery anchored neighborhood shopping center located in Cerritos, CA. The Property is strategically located along South Street retail corridor, a dynamic retail node in Cerritos, CA. The property features a diverse tenant roster which includes a Sprouts and well-known tenants such as Meet Fresh, Leslie’s Pool Supply, and Code Ninjas. The Property is subject to a ground lease with the City of Cerritos and benefits from over 65 years of term remaining, moderate rent escalations, and a favorable participation structure creating a “fee-like” position for an investor.

Attributes

Building area Net
91,334 sf
Occupancy
88.00%
Year built
1989

Investment highlights

  • TOP-PERFORMING GROCERY LOCATION WITH A DOMINANT BRAND
  • DENSE AND AFFLUENT TRADE AREA 
  • IDEAL LOCATION WITH EXCELLENT VISIBILITY IN A HIGH TRAFFIC TRADE AREA 
  • SIGNIFICANT SURROUNDING DRAW 
  • IMMEDIATE UPSIDE & STRONG NOI GROWTH 
  • SYNERGISTIC TENANT MIX 
  • HIGH BARRIERS TO ENTRY IN A SUPPLY-CONSTRAINED MARKET 
  • LONG TERM GROUND LEASE WITH FAVORABLE STRUCTURE 


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Last updated
Nov 30, 2022