28941 canwood street
PRICE
BUILDING SIZE
AGOURA HILLS, CA 91301
$13,300,000
12,500 SF
LOT SIZE
54,334
CAP RATE
PRICE/SF (BLDG)
PRICE/SF (LOT)
4.29%
$1,064
$245
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 has a NNN corporate guaranteed lease in place through September, 2030, with two (2) additional five (5) year options. The property had a full exterior remodel in 2023.
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 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.
Agoura Hills is a picturesque city positioned on the eastern side of the scenic Conejo Valley in Southern California. Just 38 miles west of Downtown Los Angeles, Agoura Hills spans roughly eight square miles and has a population in excess of 20,500 people.