Trader Joe's | 28941 Canwood St
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Trader Joe's 28941 Canwood St
12,500 SF 4-Star Retail Building Agoura Hills, CA 91301 $13,300,000 ($1,064/SF) 4.29% Cap Rate
Investment Highlights
- Trophy high performing Trader Joe’s with strong operating history and outstanding store sales
- 2010 construction; Property had a full exterior remodel in 2023; Excellent parking with 4.96 parking spaces per 1,000 SF
- Extremely high barrier to entry submarket for both tenants and developers; The site took nearly 5 years to entitle and develop
- Affluent trade area with Westlake Village to the West and Calabasas to the East and Malibu to the South
- Creative financing potentially available at significantly below market rate and terms
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
12,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2010
Price
$13,300,000
Price Per SF
$1,064
Cap Rate
4.29%
NOI
$570,435
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.23
Land Acres
1.25 AC
Zoning
CRS - Commercial Store
Parking
93 Spaces (7.44 Spaces per 1,000 SF Leased)
Frontage
1,109 FT on Canwood Street
Amenities
- Freeway Visibility
- Signage
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2048-011-077 | Improvements Assessment | $4,080,000 |
| Land Assessment | $9,520,000 | Total Assessment | $13,600,000 |
PROPERTY TAXES
Parcel Number
2048-011-077
Land Assessment
$9,520,000
Improvements Assessment
$4,080,000
Total Assessment
$13,600,000
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Trader Joe's | 28941 Canwood St
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