190 S State College Blvd - Restaurant FOR SALE


Brea, CA 92821
$5,980,000 USD
949-942-1303
190 S State College Blvd, Brea, CA for Sale
$5,980,000 USD
Restaurant - FOR SALE
1/22
null | 5.26% Cap Rate

190 S State College Blvd
Brea, CA 92821


HIGHLIGHTS

  • Trophy Location Brea Mall Hard Corner with 46,000 VPD
  • Immediately off the 57 Freeway with over 257,941 VPD
  • Experienced 8-unit Operator – High Performing Location with Absolute Net Lease
  • Large 1.43 AC Lot with 100 Dedicated Parking Spaces
  • Adjacent to New Construction 138 Room Residence Inn by Marriott and 653 Unit Avalon Brea Place
  • Apartments Immediate Proximity to Simon Property Brea Mall Redevelopment |380 Apartment Units, Din Tai Fung, Lifetime Fitness, Dick's Sporting Goods

OVERVIEW

Graystone Capital Advisors is pleased to exclusively present 190 S College Blvd in Brea, CA. Located at the 46,000 VPD intersection of State College Blvd and Birch Street, the property sits catty-corner to the vibrant Brea Mall. The recently remodeled 10,614 SF Toast Kitchen and Bar features an Absolute NNN lease from an experienced 8-unit operator. The property boasts a large 1.43 AC lot with 100 dedicated parking spaces, access along both State College Blvd and Birch Street, and visibility from the 57 Freeway with 257,941 vehicles passing per day. The property will further benefits from the planned expansion of The Brea Mall, with Simon Property planning a redevelopment of the 15.5-acre former Sears space. The project will deliver a vibrant mixed-use development consisting of five new commercial buildings for retail and restaurants, a five-story 380-unit market rate with some affordable housing apartments on top of a three-story parking structure, a two-story fitness center, and two outdoor gathering spaces - a plaza and a central green area. Popular tenants initially planned for the expansion include the world-renowned Din Tai Fung, Lifetime Fitness, Dick's Sporting Goods, Zara, and Philz Coffee. More new development immediately bordering the property includes a recently completed 138-room Residence Inn by Marriott and 653 luxury units at the Avalon Brea Place Apartments.

FOR SALE DETAILS

PRICE

$5,980,000 USD

PRICE/SF

$563 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Toast Kitchen & Bar - Abs NNN - Mall Adjacent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

CG

APN/PARCEL ID

319-332-05

ASK ABOUT THIS PROPERTY

Matthew HardkeGraystone Capital AdvisorsMore Info
949-942-1303

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

Matthew HardkeGraystone Capital AdvisorsMore Info
949-942-1303

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