Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1989
Building Area Net
Occupancy 88.0 %

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.

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 


Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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