23029 Eastpark Dr - Freestanding FOR SALE


Yorba Linda, CA 92887 | 
$7,000,000 USD
408-335-3009
23029 Eastpark Dr, Yorba Linda, CA for Sale
$7,000,000 USD
Freestanding - FOR SALE
1/20
null | 5.78% Cap Rate

23029 Eastpark Dr
Yorba Linda, CA 92887


HIGHLIGHTS

  • Absolute NNN Corporate Guaranteed Leased
  • Long Term Tenant Since 2006
  • No Landlord Responsibilities
  • Good Producing La-Z-boy Store
  • 2022 Renovation Including New Roof and HVAC
  • Five Years Remaining on Extended Term with Options

OVERVIEW

Presenting a prime absolute NNN investment opportunity located at 23029 Eastpark Drive, Yorba Linda, California. This 18,630 SF building offers a coveted location in Orange County, CA, ideal for a retail or power center investor. With 100% occupancy, this property comprises 1 unit and boasts a recent 2022 renovation. Built in 2001 and zoned PD-17-CR, it represents a modern and lucrative addition to any investment portfolio. Providing a strong historical tenant base and a solid income stream, this property presents a compelling prospect within the thriving commercial real estate landscape of Orange County. With its strategic positioning and high occupancy rate, this property is poised to deliver long-term value and a strong return on investment

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

5.78%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La-Z-Boy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

N/Av

APN/PARCEL ID

352-231-10

ASK ABOUT THIS PROPERTY

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408-335-3009

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408-335-3009

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