663 S Placentia Ave - Fast Food FOR SALE


Fullerton, CA 92831
$4,076,000 USD
949-295-7262
663 S Placentia Ave, Fullerton, CA for Sale
$4,076,000 USD
Fast Food - FOR SALE
1/10
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663 S Placentia Ave
Fullerton, CA 92831


OVERVIEW

NVESTMENT HIGHLIGHTS ? Home Depot and Sam’s Club Anchored Center – Fullerton Crossings is shadow-anchored by a high-performing Home Depot and Sam’s Club (with fuel station), generating significant daily traffic from a larger regional draw. ? Long Term Farmer Boys Ground Lease – Farmer Boys has nearly 16 years remaining on its current term. The ground lease results in extreme ease of ownership. » Farmer Boys was founded in 1981 and now has nearly 100 restaurants in California and Nevada and continues to grow. ? Secure In-Place NOI with Development Upside – Long term ground lease with Farmer Boys provides existing cash flow with an opportunity to add value to the property through the development or ground lease of the two vacant pads, which are entitled for two buildings totaling ±5,650 SF and ±13,260 SF, respectively. ? Excellent Housing Growth – Fullerton Crossings benefits from over 6,600 housing units within 1 mile, 70,700 within 3 miles, and 165,000 within 5 miles. Additionally, Fullerton City Council recently approved a large new housing development on a 4.47-acre site less than 3 miles from the property that will contain 329 residential apartments. ? Free and Clear of Existing Debt – No existing financing in place, available for a quick close to accommodate 1031 Exchange identification.

FOR SALE DETAILS

PRICE

$4,076,000 USD

PRICE/SF

$1,235 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,630 SF

ZONING

M-P - Manufacturing Park

APN/PARCEL ID

338-071-22

ASK ABOUT THIS PROPERTY

Kirk BrummerKidder MathewsMore Info
949-295-7262

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Kirk BrummerKidder MathewsMore Info
949-295-7262

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