Lakewood Restaurant Investment
For Sale
Contact for pricing
4634 Candlewood St, Lakewood, CA 90712
Single-tenant Raising Cane’s property with strong sales performance.
Property Size4,014 SF
Lot Size0.28 Acres
Price / SF$2,660
Days on Market182
Property Features for 4634 Candlewood St
General Information
Standard status
Active
Size
4,014 SF
Lot size
0.28 Acres
Property subtype
Retail
Zoning
C-4
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License #IL 471007951
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
The property for sale is a single-tenant Raising Cane’s restaurant located at 4634 Candlewood Street in Lakewood, California. The property features a 4,014-square-foot building on a 0.28-acre lot. The property has been ground leased under an absolute NNN structure since 2018. Raising Cane’s has been operating at this location since March 7, 2018. The business demonstrates strong sales performance, with FY 2024 sales of $12.1 million and rolling 12-month sales of $12.4 million. The current lease runs through March 31, 2033, providing approximately 7 years and 3 months of remaining term, with three five-year renewal options. The lease includes fixed 10 percent rental increases every five years, along with percentage rent payments tied to sales. The property offers durable and growing cash flow supported by the tenant’s operating performance and the long-term stability of the absolute NNN lease structure.
Key Highlights
- High‑performing Raising Cane's location with FY 2024 sales of $12.1 million and rolling 12‑month sales of $12.4 million, exceeding percentage rent breakpoint.
- Absolute NNN ground lease structure provides long‑term stability and minimal landlord responsibilities.
- Lease extends through March 31, 2033, offering approximately 7 years and 3 months of remaining term, plus three five‑year renewal options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,683
Businesses Nearby
742k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 31%
Shops & Services 18%
Apparel 15%
Dining 11%
Costco Wholesale
Superstores
233,300 visits/mo
0.2 miles
Costco Gasoline
Shops & Services
81,782 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
77,311 visits/mo
0.3 miles
JCPenney
Apparel
60,661 visits/mo
0.4 miles
Albertsons
Groceries
50,681 visits/mo
0.4 miles
Demographics for 90712, CA
32,332
Population
10,170
Households
3.2
Avg Household Size
40
Median Age
37%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
7,698
Density / Sq Mi
$119,246
Median Household Income
$59,395
Median Earnings
$2,302
Median Rent
$779,600
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?
Drive through restaurant - Single-tenant Raising Cane’s property with strong sales performance.
Where is this drive through restaurant located?
The property is located at 4634 Candlewood St Lakewood, CA.
What is the asking price?
The asking price for this property is $10,681,186.
What are key features of this property?
This property features: High‑performing Raising Cane's location with FY 2024 sales of $12.1 million and rolling 12‑month sales of $12.4 million, exceeding percentage rent breakpoint.; Absolute NNN ground lease structure provides long‑term stability and minimal landlord responsibilities.; Lease extends through March 31, 2033, offering approximately 7 years and 3 months of remaining term, plus three five‑year renewal options.
