Faris Lee Investments is pleased to bring to market a 9,280 square foot strip center with 100% frontage to well-traveled Paramount Boulevard. The offering features small leasable units ranging from 1,141 sq. ft. to 1,680 sq. ft. catering well to the needs of retail/service users. The property was constructed in 2004 and the majority of the tenants are original tenants demonstrating their strong performance and support from the community. With an abundant amount of parking (5.62 stalls:1,000 sq. ft.), Paramount Center provides an ease of shopping experience and caters well to parking intensive food users. Ownership has recently replaced the entire roof and updated the property to comply with ADA requirements.
Paramount Center is ideally located at the intersection of Paramount Blvd. and Del Amo Blvd. with exposure to over 59,000 VPD at the intersection. There are strong demographics within the immediate trade area. With AHHI and population within a 1-mile radius of $107,000 and 229,800 respectively, the tenants benefit from a unique trade area where both discretionary income and population are high. Given the strong demographics, retailers thrive in Lakewood, as immediate trade area tenants include Costco, Wal-Mart Supercenter, Target, Home Depot, Whole Foods, WinCo Foods, and Northgate Gonzalez to name a few.