12422-12442 Lampson Ave - Convenience Store FOR SALE


Garden Grove, CA 92840
$3,980,000 USD
213-792-0940
12422-12442 Lampson Ave, Garden Grove, CA for Sale
$3,980,000 USD
Convenience Store - FOR SALE
1/13
null | 3.8% Cap Rate

12422-12442 Lampson Ave
Garden Grove, CA 92840


HIGHLIGHTS

  • Near Disneyland.
  • High traffic area.

OVERVIEW

Located in a bustling area near Lampson Ave and Harbor Blvd, this neighborhood center offers great visibility and accessibility for potential customers. With its long-standing presence in the community since its construction in 1964, the center is well- known and trusted by local residents. It houses three tenants, each providing unique products or services, which can attract a wider customer base and increase foot traffic. The property is fully occupied by NNN (Triple Net) tenants, which means they are responsible for property taxes, insurance, and maintenance expenses, providing a stable income and reducing the landlord's management duties. The property boasts over 5,350 square feet of retail space, allowing for flexible tenant configurations and potential for future expansion or reconfiguration. With a stable income stream from reliable tenants, the property presents a low- risk investment opportunity for potential investors. Its prime, location, established presence, and occupancy by NNN tenants also suggest a potential for value enhancement through rent increases, lease renewals, or property improvements. Overall, this retail property is a lovely investment opportunity with significant potential for long-term appreciation and income generation.

FOR SALE DETAILS

PRICE

$3,980,000 USD

PRICE/SF

$744 USD /SF

CAP RATE

3.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

COMMERCIAL

APN/PARCEL ID

231-441-35

ASK ABOUT THIS PROPERTY

Walter CastilloColdwell Banker CommercialMore Info
213-792-0940

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Walter CastilloColdwell Banker CommercialMore Info
213-792-0940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.