Bank Branch with Absolute NNN
For Sale
Contact for pricing
Pending
5240 Clark Ave, Lakewood, CA 90712
Single-tenant banking property across from Lakewood Center Mall with a corporate-backed lease structure.
Property SizeContact for details
Days on Market144
Property Features for 5240 Clark Ave
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Buildings
8
Listing Agency:
CBRE - South Bay
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 1:15AM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
This bank branch at 5240 Clark Ave is occupied by Bank of the West, which will enter into a new absolute NNN lease at closing. The agreement includes a 10-year corporate guarantee, 10% rent increases every 5 years, and option periods. The property is positioned directly across Clark Avenue from Lakewood Center Mall, whose tenant roster includes Target, Costco, Home Depot, Albertsons, Burlington, Best Buy, Dollar Tree, and several quick-service restaurants. The surrounding 5-mile area includes over 930,025 residents and an average household income exceeding $72,064. Bank of the West is headquartered in San Francisco and carries an “A” rating from Standard & Poor’s.
Key Highlights
- New absolute NNN lease with Bank of the West
- 10‑year corporate guaranteed lease
- 10% rental increases every 5 years during the primary term and option periods
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,784
Businesses Nearby
644k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Apparel 18%
Shops & Services 16%
Home Improvements & Furnishings 12%
Costco Wholesale
Superstores
233,300 visits/mo
0.3 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
0.5 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?
Bank - Single-tenant banking property across from Lakewood Center Mall with a corporate-backed lease structure.
Where is this bank located?
The property is located at 5240 Clark Ave Lakewood, CA.
What are key features of this property?
This property features: New absolute NNN lease with Bank of the West; 10‑year corporate guaranteed lease; 10% rental increases every 5 years during the primary term and option periods
