North Lake Square - 1241 N Lake Ave, Pasadena, CA
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J O I N N AT I O N A L T E N A N T S
G R O C E R Y A N C H O R E D L E A S I N G O P P O R T U N I T Y I N PA S A D E N A
2 N D G E N E R AT I O N R E S TA U R A N T S PA C E AVA I L A B L E
North Lake Square
1241 N Lake Ave | Pasadena, CA 91104
GROCERY ANCHORED OPPORTUNITY IN BUSY NEIGHBORHOOD
N. L
AKE
AV E
±32,
000
ADT
E xc l u s i ve Le a s i ng Ag e n t s
N ATE CORDRAY J OSH CORDR AY MIC HAEL PAKR AVAN
Leasing Associate Leasing Associate SVP & National Director, Retail Leasing
n a t e.c o r d r a y @ m a t t h e w s .c om josh.c or d r a y @ m a tthe ws.c om m ichael . pak ravan@matthews.com
D IR ( 3 1 0 ) 5 9 8 -3 7 7 4 D IR (310) 9 19 - 58 39 DIR (310) 919-5737
L IC # 0 20 5 01 3 9 ( CA ) L IC # 02 039 302 (CA) LIC # 01706065 (CA)
SITE PLAN
SUITE TENANT
N H U D S O N AV E 4 Food 4 Less
8 Rent-A-Center
10 Wateria
14 Southern State Insurance
16 Wing Stop
18 Vacant - 1,200 SF
20 Expert Nails
E W A S H I N G T O N B LV D
22 T-Mobile
E CLAREMONT ST
24 Pizza Hut
26 VIP Tobacco
28 Fred Loya insurance
30 Subway
32 Maki Yaki
36 Two Boys Beauty
40 Style 7 - 3,601 SF
42 Ace Threading - Just Leased!
44 Gamestop - 1,100 SF
46 Salsa Picante - 825 SF
48 King Wok - 825 SF
N L A K E AV E
52 Vacant - 5,474 SF
54 Vacant - 3,939 SF
58 One United Bank
NNNs = $0.87psf
LEASE PENDING AVAILABLE
Matthews I 3
PROPERTY HIGHLIGHTS
• 2nd Generation restaurant space available
• Junior anchor retail and shop space available
• Extremely dense trade area
• Busy neighborhood shopping center anchored by
recently-remodeled Food 4 Less
• Tenants include Gamestop, Pizza Hut, T-Mobile,
Wingstop, Subway
• Southwest Corner of North Lake Ave and
Washington Blvd in Pasadena
• Population within 1-mile radius 38,352
• Average HHI within 1-mile radius $100,518
SUITE SIZE RENT/SF
Suite - 18 1,200 SF $3.00 psf + NNN
Suite - 26 1,037 SF $3.00 psf + NNN
Suite - 40 3,601 SF $2.10 psf + NNN
1-MILE DEMOGRAPHICS
Suite - 42 825 SF Just Leased!
AVERAGE NUMBER OF
Suite - 44 1,100 SF $3.00 psf + NNN POPULATION
HOUSEHOLD INCOME HOUSEHOLDS
Suite - 46 825 SF $3.50 psf + NNN
Suite - 48 825 SF $3.50 psf + NNN
Suite - 52 5,474 SF $2.20 psf + NNN 37,599 $100,518 12,590
Suite - 54 3,939 SF $2.50 psf + NNN
* NNNs = ~$.87psf
4 I For Lease
PA S A D E N A , C A
Nestled near the foot of the San Gabriel Mountains, North Lake Square lies just two miles Northeast of downtown Pasadena
and 14 miles northeast of downtown Los Angeles. Residents connect to other districts throughout the region using nearby
I-210. Historic craftsman bungalows line the residential streets, especially in the Bungalow Heaven landmark district.
A small commercial district resides along north Lake Avenue, providing residents with several markets and eateries.
The nearby downtown entertainment district serves as the frequent home of weekend events. Vintage enthusiasts
browse the stalls of the Rose Bowl Flea Market in search of hidden treasures, while theater buffs fill the seats of the
Boston Court Performing Arts Center. Those who enjoy the outdoors explore Mount Wilson and its observatory,
located north of North Lake Square.
DEMO G RA PHICS
POPULATION 1 Mile 3 Mile 5 Mile
2023 Projection 38,138 177,926 359,200
2018 Estimate 37,599 174,823 353,246
2010 Census 36,958 168,641 342,458
Growth 2018 - 2023 1.43% 1.77% 1.69%
HOUSEHOLDS 1 Mile 3 Mile 5 Mile
2023 Projection 12,749 68,943 134,892
2018 Estimate 12,590 67,788 132,767
2010 Census 12,488 65,714 129,398
Growth 2018 - 2023 1.26% 1.70% 1.60%
INCOME 1 Mile 3 Mile 5 Mile
2018 Est. Average
$88,245 $109,449 $116,932
Household Income
Matthews I 5Pasadena is a city in Los Angeles County, located just 10 miles northeast of Downtown Los Angeles. It is the ninth-largest city in the county. Pasadena is known for hosting the annual Rose Bowl Game and Tournament of Roses Parade. The city is also home to many scientific and cultural institutions, including Caltech, JPL, Pasadena City College, Fuller Theological Seminary, ArtCenter College of Design, the Pasadena Playhouse, the Ambassador Auditorium, the Norton Simon Museum, and the USC Pacific Asia Museum. In 2018, Pasadena was ranked the #5 Healthiest City, the #10 Most Diverse City, and #40 Best City to Live in America. It is known for its family-friendliness and convenient commutes with its easy access to Interstates 210 and 710. Pasadena is also known for having a great nightlife with ample restaurants, bars, and entertainment. With crime rates well below the national average, Pasadena is a very safe place to live and work. With a median household income well above the state average and unemployment well below the national average, Pasadena has a strong economy. Median home value in Pasadena, at $708,200 is over 48% higher than the state average. The most common industries in Pasadena are Professional, Scientific, and Technical Services, Educational Services, and Construction. Future job growth in the area over the next 10 years is projected to be 38.2%.
G R O C E R Y A N C H O R E D L E A S I N G O P P O R T U N I T Y I N PA S A D E N A
2 N D G E N E R AT I O N R E S TA U R A N T S PA C E AVA I L A B L E
North Lake Square
1241 N Lake Ave | Pasadena, CA 91104
C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T
This Leasing Package contains select information pertaining to the business and affairs of Property located at 1241 N Lake Ave, Pasadena, CA 91104 (“Property”). It has been prepared
by Matthews Real Estate Investment Services. This Leasing Package may not be all-inclusive or contain all of the information a prospective lessee may desire. The information
contained in this Leasing Package is confidential and furnished solely for the purpose of a review by a prospective lessee of the Property. The material is based in part upon
information supplied by the Owner. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of
this Leasing Package or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective lessees should make their own projections and form
their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to lease the Property
and to terminate discussions with any person or entity reviewing this Leasing Package or making an offer to lease the Property unless and until a lease has been fully executed and
delivered.
In no event shall a prospective lessee have any other claims against Owner or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers,
Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing of the Property.
This Leasing Package shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the
Property since the date this Leasing Package.
Exc l u s i ve Lea sing Agent s
N ATE CORDRAY JO S H CORDRAY MIC H AEL PAKR AVAN
Leasing Associate Leasing Associate SVP & National Director, Retail Leasing
na te.cord ra y@ m a tth ew s .com jo sh.c o rdray@mat t he ws.c o m m i c h a el .pa k r a v a n @m a t t h ew s.c om
D IR (31 0) 5 98 - 3774 DIR (310 ) 9 19 -5839 DIR ( 3 10 ) 919-57 3 7
LIC # 02 0501 39 (CA ) LIC # 0 20 39 30 2 (CA) L IC # 0 17 0 60 65 ( CA )
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