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
1/9
null | 5% Cap Rate

663 S Placentia Ave
Fullerton, CA 92831


OVERVIEW

Farmer Boys: Offering Price - $2,970,000 Total Building Area - ±3,207 SF Developable Land: Offering Price - $1,106,000 Total Land Area - ±77,371 SF Additional Buildable SF - ±18,910 SF Investment Highlights • 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. • High Traffic, High Identity Freeway Location - Fullerton Crossings benefits from over 930 feet of frontage along S Placentia Ave (over ±15,100 CPD) with immediate access to SR 57 (over ±300,760 CPD), a primary north-south highway connecting the property to the Greater Los Angeles Area. • Secure In-Place Income 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. • 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

$1,271 USD /SF

CAP RATE

5%

% 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 Policy.