549-559 S. Anaheim Blvd. - Retail FOR SALE


Anaheim, CA 92805- The Colony
$11,910,000 USD
949-769-4855
549-559 S. Anaheim Blvd., Anaheim, CA for Sale
$11,910,000 USD
Retail - FOR SALE
1/7
null | 5.1% Cap Rate

549-559 S. Anaheim Blvd.
Anaheim, CA 92805
The Colony


HIGHLIGHTS

  • Irreplaceable Urban STNL Opportunity – Uncommon opportunity to purchase a single-tenant net leased retail property in the heart of Downtown Anaheim
  • One-of-a-Kind Property – The property comprises a unique adaptive-reuse campus that blends historic preservation with modern hospitality
  • Long Term NNN Lease – Smoke and Fire operates under a 10-year NNN lease (expiring December 2032),
  • Improving Returns – Due to embedded yearly increases (including a 9.92% increase in 01/2027) NOI is projected to increase 45% over 10-year hold period

OVERVIEW

* Irreplaceable Urban STNL Opportunity – Uncommon opportunity to purchase a single-tenant net leased retail property situated on a hard corner in the heart of Downtown Anaheim, leased to Smoke and Fire dba Villains Brewing Company and Broken Spirits * One-of-a-Kind Property – The property comprises a unique adaptive-reuse campus that blends historic preservation with modern hospitality, consisting of a restored 1911 Craftsman house which now operates as a restaurant, a 1940s barrel-vault building that serves as the main brewhouse, and a former auto yard that has been repurposed into a kitchen and outdoor courtyard. The property’s redevelopment required special city approval, making it a truly one-of-a-kind site that cannot be replicated * Long Term NNN Lease – Smoke and Fire operates under a 10-year NNN lease (expiring December 2032), providing an excellent low management, low hassle opportunity for passive investors * Improving Returns – Due to embedded yearly increases (including a 9.92% increase in January 2027), the Net Operating Income is projected to increase more than $274,420 (45%) over a 10-year hold period, providing a strong inflationary hedge compared to many “flat” STNL investments * Revitalized Downtown Location – Downtown Anaheim has recently received several accolades and is consistently ranked as one of Orange County’s most walkable and livable areas * The location benefits from a “Walker’s Paradise” Walk Score of 92 out of 100 * New housing developments have recently added hundreds of new units to Downtown Anaheim, including The Invitation, a 269-unit apartment building recently completed at the intersection of Anaheim Boulevard and La Palma Avenue. Several new housing developments are also proposed or under construction in the immediate vicinity of the property. The influx of new residents provides a consistent and growing customer base

FOR SALE DETAILS

PRICE

$11,910,000 USD

PRICE/SF

$713 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villains Brewing and Broken Spirits

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

General Commercial

APN/PARCEL ID

251-071-59

ASK ABOUT THIS PROPERTY

949-769-4855

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949-769-4855

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