28941 Canwood St - Supermarket FOR SALE


Agoura Hills, CA 91301
$13,300,000 USD
818-212-2794
28941 Canwood St, Agoura Hills, CA for Sale
$13,300,000 USD
Supermarket - FOR SALE
1/14
null | 4.29% Cap Rate

28941 Canwood St
Agoura Hills, CA 91301


HIGHLIGHTS

  • Trophy high performing Trader Joe’s with strong operating history and outstanding store sales
  • Affluent trade area with Westlake Village to the West and Calabasas to the East and Malibu to the South
  • 2010 construction; Property had a full exterior remodel in 2023; Excellent parking with 4.96 parking spaces per 1,000 SF
  • Creative financing potentially available at significantly below market rate and terms
  • Extremely high barrier to entry submarket for both tenants and developers; The site took nearly 5 years to entitle and develop

OVERVIEW

The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market for sale Trader Joe’s, a 12,500 square foot single tenant grocery store situated on 1.25 acres (54,334 SF) of land ideally positioned along the Interstate 101 Ventura Freeway, with excellent freeway visibility and frontage and daily traffic counts north of 162,000 vehicles per day in the affluent Los Angeles County submarket of Agoura Hills, CA. Trader Joe’s is a highly successful American grocery store chain, boasting over 500 locations across the United States, strategically situated in both urban and suburban areas. Despite their relatively smaller store size compared to some other supermarket chains, Trader Joe’s consistently outperforms competitors by offering a unique blend of specialty and everyday items, creating a loyal customer base. Trader Joe’s, founded in 1958, has 569 locations throuhout the United States. The privately hed company employs more than 50,000 emplyees and is headquartered in Monrovia, CA. Annual revenues exceed $16.9 billion. It is among America’s best employers, as well as America’s best employers for women. The eclectic and retail-fan-favorite Trader Joe’s is well-known to its loyalists for low prices on unique food items, ranging from cookie butter to salsas, cheeses and ready-to-eat packaged meals. Trader Joe’s has succesfully operated at this location since the property was built in 2010. This location has a history of strong performance, ideally catering to the direct needs of the surrounding residents in the affleunt immediate trade area which includes Westlake Village to the West, Calabasas to the East, and Malibu to the South, with average houehold incomes exceeding $139,000. Trader Joe’s has a NNN corporate guaranteed lease in place through September, 2030, with two (2) additional five (5) year options. The proeprty had a full exterior remodel in 2023. Attractive financing is potentially available. Please contact the listing agents to discuss.

FOR SALE DETAILS

PRICE

$13,300,000 USD

PRICE/SF

$1,064 USD /SF

CAP RATE

4.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trader Joe's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,332 SF

ZONING

CRS

APN/PARCEL ID

2048-011-077

ASK ABOUT THIS PROPERTY

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-212-2794

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Brandon MichaelsThe Brandon Michaels GroupMore Info
818-212-2794

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.