29001 Canwood St - Restaurant FOR SALE


Agoura Hills, CA 91301
$3,200,000 USD
818-212-2794
29001 Canwood St, Agoura Hills, CA for Sale
$3,200,000 USD
Restaurant - FOR SALE
1/31
null | Request Cap Rate

29001 Canwood St
Agoura Hills, CA 91301


HIGHLIGHTS

  • Vacant former restaurant building with excellent freeway exposure and visibility located directly adjacent to a high performing trophy Trader Joe’s
  • Affluent trade area with Westlake Village to the West and Calabasas to the East and Malibu to the South
  • Ideal opportunity for an owner-user Buyer or a value-add investor
  • Recent exterior renovations, fully built out kitchen, and outdoor patio space
  • 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, as Exclusive Advisor, is pleased to present for sale 29001 Canwood Street, a 2,500 square foot single tenant restaurant building situated on 0.91 acres (39,738 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. 29001 Canwood Street, formerly Jinky’s Café since 2010, is a highly trafficked commercial destination adjacent to Trader Joe’s and The Shops at Oak Creek, a regional retail location with merchants like Panda Express and The Habit. The site is now ideally positioned for a value-add investor to reposition the vacancy with a market rent paying tenant or owner-user buyer to occupy the property for their own restaurant business. The 2010 construction restaurant recently underwent an exterior renovation, elevating its status in the high barrier to entry submarket. This location has a history of strong performance, ideally catering to the direct needs of the surrounding residents in the affluent immediate trade area which includes Westlake Village to the West, Calabasas to the East, and Malibu to the South, with average household incomes exceeding $139,000. Because of its past successful performance, a new operator will be able to quickly plug into a devoted customer base.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$1,280 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

AH CRS-OA-FC

APN/PARCEL ID

2048-011-076

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.