20761 Lake Forest Dr - Storefront FOR SALE
Lake Forest, CA 92630 |
20761 Lake Forest Dr
Lake Forest, CA 92630
HIGHLIGHTS
- Lake Forest Center offers investors an “essential” tenant mix at 6% CAP rate in a high barrier to entry market
- Below market rents - immediate upside and MTM tenancy
- Steady annual rent growth through existing tenants with term
- Over 246,000 people in a 5-mile radius with an average house income of $135,608
- Other retailers in a 1-mi radius include: Target, Walmart, 99 Cents Only, Michaels, Planet Fitness, Dollar Tree, JOANN, Starbucks, Wells Fargo & more
- The area is home to several major companies: Oakley, Inc, Kaiser Aluminum, Panasonic Avionics/Karem Aircraft, Etnies, Sole, Johny Rockets, Del Taco
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Lake Forest Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
17284
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
95
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
613-622-09
