Anchored Retail Center For
For Sale
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Pending
1901-10927 Atlantic Ave & 4351 East Imperial Hwy, Lynwood, CA 90262
39,146 SF retail center in Lynwood, California.
Property Size39,146 SF
Days on Market179
Property Features for 1901-10927 Atlantic Ave & 4351 East Imperial Hwy
General Information
Standard status
Pending
Size
39,146 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2003
Listing Agency:
Newmark | Orange County - Irvine
Listed By:
Glenn Rudy · License #CA 01412484
Source:
Crexi
Added: Feb 25
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Orange County - Irvine
Investment Insights
Based on property information with market context.
Atlantic Crossing is a 39,146 square foot, fully occupied, retail center anchored by Walgreens, situated in Lynwood, California, within Los Angeles County. The property is positioned at the intersection of Imperial Highway and Atlantic Avenue, less than one-half mile from the Long Beach Freeway, offering regional accessibility and visibility. The location benefits from a trade area with nearly one million residents within a five-mile radius and a daytime population exceeding 275,000. The tenant mix is suited to serve daily consumer needs. The center features a tenant roster with a weighted average tenure exceeding 16 years. Nearly 60% of the tenancy consists of first-generation occupants, including Walgreens, Starbucks, Subway, and Panda Express. Additional tenants include PNC Bank, Fiesta Auto Insurance, and AltaMed Health Services, with La Carniceria Meat Market adding grocery service. With approximately five years of weighted average lease term remaining, Atlantic Crossing offers insulation from near-term rollover risk and capital expenditure exposure. The property's visitation ranks in the 83rd percentile nationally among comparable retail centers, supported by adjacency to an El Super grocery store that attracts over one million customers annually. Individual tenants at Atlantic Crossing also demonstrate strong relative performance, with Starbucks ranking in the 83rd percentile, Panda Express in the 73rd percentile, and PNC Bank in the 89th percentile within their respective chains in California. Atlantic Crossing is located within one mile of St. Francis Medical Center, comprising 384 beds and employing over 2,000 people, serving more than 84,000 patients annually.
Key Highlights
- 100% occupied, Walgreens‑anchored retail center in a densely populated area of Los Angeles County.
- Strategically located at a signalized intersection with high traffic counts and excellent regional accessibility near the Long Beach (710) Freeway.
- Strong tenant roster with a weighted average tenure exceeding 16 years, including national brands like Starbucks, Subway, and Panda Express.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$866,089
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,321,780
$17.3M
Cap Rate 7%
$12,372,700
$12.4M
Cap Rate 9%
$9,623,211
$9.6M
Market Conditions
NOI Build-Up for 39,146 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.32M $33.84/SF
− Vacancy
−$87.4K −$2.23/SF
EGI
$1.24M $31.61/SF
− OpEx
−$371.2K −$9.48/SF
NOI
$866.1K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,321,780
Cap Rate 7%
$12,372,700
Cap Rate 9%
$9,623,211
Alternative Uses
Best Use
Retail
$12.37M
$10.83M – $14.43M
NOI $866,089 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.96M
$18.34M – $24.45M
NOI $1,467,103 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
51k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 45%
Apparel 10%
The Kickin' Crab
Dining
22,782 visits/mo
0.5 miles
7-Eleven
Shops & Services
18,351 visits/mo
0.1 miles
The Children's Place
Apparel
5,003 visits/mo
0.5 miles
Spectrum
Shops & Services
4,965 visits/mo
0.5 miles
Demographics for 90262, CA
67,099
Population
15,497
Households
4.3
Avg Household Size
32
Median Age
10%
College-Educated
58%
High-School Grad
4.8 sq mi
ZIP Area
13,979
Density / Sq Mi
$70,507
Median Household Income
$32,870
Median Earnings
$1,625
Median Rent
$569,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 39,146 SF retail center in Lynwood, California.
Where is this shopping center located?
The property is located at 1901-10927 Atlantic Ave & 4351 East Imperial Hwy Lynwood, CA.
What is the asking price?
The asking price for this property is $18,150,000.
What are key features of this property?
This property features: 100% occupied, Walgreens‑anchored retail center in a densely populated area of Los Angeles County.; Strategically located at a signalized intersection with high traffic counts and excellent regional accessibility near the Long Beach (710) Freeway.; Strong tenant roster with a weighted average tenure exceeding 16 years, including national brands like Starbucks, Subway, and Panda Express.
