Marcus & Millichap is pleased to present a trophy Orange County investment opportunity at 10201 Garden Grove Boulevard, in Garden Grove, California. The subject property is a free-standing, 18,528-square foot building situated on a 0.80 acre lot with Today' s Design by Ashley as the tenant. Today' s Design is currently operating under a triple-net (NNN) lease with 11 years remaining on the base term and two five-year options to renew. Built into the lease are 8% rental increases every five years, protecting the investor from inflation. The asset was newly renovated in 2014, with over $400,000 spent in tenant improvements. During the reconstruction, they installed a new HVAC system, new electrical wiring, and completely renovated the building inside and out to suit the tenant. The subject property also greatly benefits from wonderful exposure at the signalized intersection of Garden Grove Boulevard and Brookhurst Street, which experiences traffic counts of over 65,400 vehicles per day.
The subject offering presents an extremely rare opportunity for an investor to acquire a high profile, irreplaceable Walgreens (14-years remaining on the original term with 5% rental increases every 5 years) in the heart of one of South Orange County' s premier retail developments, Santa Margarita Town Center. The subject property is located at the southeast corner of Santa Margarita Parkway and Las Flores (53,700 vehicles per day at the signalized intersection) in the affluent trade area with the average hold income in excess of $126,000 and a total population of over 212,000. Walgreens (82% of the property' s current income stream) is accompanied by Pacific Dental and Great Clips, who are the original tenants in the building. Pacific Dental and Great Clips are strong seasoned tenants featuring 3% annual increases their rent schedule. Both co-tenants are currently paying below market rent, providing upside for the buyer if the tenants vacate. The offering benefits directly from the unmatched synergy and cross-over shopping created in this dominant center.
Price Upon Req.106,920 SF
The subject offering presents an extremely rare opportunity for an investor to acquire a high profile, irreplaceable shopping center in the heart of one of South Orange County' s premier retail developments, Plaza El Paseo in Rancho Santa Margarita Town Center. Plaza El Paseo is the centerpiece to the Santa Margarita Town Center (anchored by Target, Cinepolis, Trader Joe' s, Walgreens and Big 5 Sporting Goods) and Plaza Antonio (anchored by Pavilions and CVS Pharmacy) in an affluent trade area where the average household income is in excess of $126,000 and the total population is over 212,000. Plaza El Paseo is a 100% leased, one-of-a-kind center anchored by Kohl' s Department Store (NAP), Bed Bath & Beyond, and BevMo!. The subject property provides the buyer a once-in-a-lifetime opportunity to own an architecturally inspiring shopping center that captures the vision of the Town Center originally laid out by the Rancho Mission Viejo Company. The Asset benefits directly from the unmatched synergy and cross-over shopping created in this dominant center. Over 50% of the net operating income is derived from national and regional tenants providing a stable and diverse income stream.
The Offering is a newer 2007 construction multi-tenant strip retail center ideal for Owner/Users or Investors in the City of Westminster at the Gateway to Huntington Beach. The property totals approximately 6,818 square feet of which 70% are vacant and ready for occupancy. The property offer a rare opportunity to buy a newer center with Unique freeway billboard income stream in addition to tradition tenant rent in one of the most sought after retail corridor in Orange County.
7 units mixed-use property. 4 apartments / 3 retail units. 100% occupied with all month-to-month long term tenants. New roof, paint and plumbing upgrades. Upside Potential!Seller is licensed real estate Broker.Good location in downtown Anaheim, CA.
Paul Kott Realtors, Inc. Commercial Division is pleased to present a freestanding restaurant consisting of approximately 1,856-square feet of building situated on a 23,356-square foot lot. This offering represents an opportunity for a medical/restaurant/commercial owner/user to purchase a CG zoned property that can be delivered vacant at the close of escrow. The subject property is located approximately 1.3-miles to the 57 Freeway, 1.6-miles to the 91 Freeway, and less than two-miles north of the Platinum Triangle. It is situated across from an Albertsons shopping center and walking distance to Anaheim Town Square Shopping Center; a 27-acre shopping center. Traffic counts close to the subject property maintain 22,234 vehicles per day and prove to be quite valuable to the month to month tenant who maintains advertising on the large monument sign.
Great retail on PCH near heart of town. Highly visible location on El Camino Real in San Clemente. Current tenants have done multiple upgrades to the interior including installing ADA bathrooms, locker room/showers, upgrading the flooring, and installing a heated yoga studio. All improvements are approved by the city including complete asbestos removal done in 2012. 4 years remain on a 7 year NNN lease with 5% rental increases per year. 2016 Net Income = $46,308 PLEASE DO NOT DISTURB TENANTS.For further information please call Josh Cunningham (949)373-8620
Franchise fast-food restaurant in a free-standing new building with drive-through and outside seating built in 2008 in Orange County for sale. Located in a busy corner right next to major freeway on/off ramp and close to schools and shopping centers. Average traffic count 28,000. Plenty of parking spaces inside the shopping center. Worth over $200,000 of FF&E and inventory is included in the selling price. Real estate is not included.
ANOTHER Huge Price Reduction, Seller says SELL NOW, Bring all offers, Extremely Motivated. An Extremely rare mixed use building located in the historical famous Balboa Peninsula. Building is one of the first buildings in the area. Currently is an active restaurant/bakery, approximately, 1,900sq.ft in addition there is additional storage. Upstairs consists of 2 apartments, each is 2 bedroom 1, bath, with separate entrances. Approximately 1,000sqf.t, each unit. W/ Breathtaking views from units and the large balcony. Great potential for vacation rentals. Corner building centrally located in the village and only steps away from the spectacular Balboa Pier, World famous Balboa Pavilion, and the Fun Zone. Building has had several upgrades over the years, including earthquake safety, copper plumbing, electrical etc. Please be respectful of tenants and customers (have not been notified) Buyer to verify all information
Centrally located in Laguna Beach, this approximately 1150 sq ft retail space with large 3 Bed/1 Bath detached apartment, fronts the ocean side of South Coast Highway. Apartment entrance is off of sleepy hollow lane and has a small ocean view. Property is adjacent to Pacific Edge Hotel and across the street from the Holiday Inn. Very close proximity to 100' s of hotel and luxury vacation rentals and less than 100 yards to the beach access on Cleo St. Current tenants are month to month. This is an excellent opportunity for redevelopment or an owner-user to live/work at a single location in the heart of Laguna Beach. Gross Rent is $5390 for the entire building. Please do not disturb the tenants.Ocean side of S. Coast Highway just north of Cleo St in Laguna Beach.