La Palma Collection Retail FOR SALE


La Palma, CA
$14,450,000 USD
949-350-5431
, La Palma, CA for Sale
$14,450,000 USD
Retail - FOR SALE
1/7
null | 5.26% Cap Rate

La Palma Collection
La Palma, CA


HIGHLIGHTS

  • Rare Orange County Shopping Center, Recently Renovated with Excellent Curb Appeal
  • Over 425 Feet of Frontage Along Valley View Street, a Main Retail Thoroughfare with Traffic Counts Exceeding 51,000 Cars Per Day
  • Extraordinary Demographics – Population Counts Exceed 600,665 Residents Within Five Miles | Average Household Income Exceeds $125,000 Within 5 Miles

OVERVIEW

--Rare Orange County Shopping Center, Recently Renovated with Excellent Curb Appeal --Over 425 Feet of Frontage Along Valley View Street, a Main Retail Thoroughfare with Traffic Counts Exceeding 51,000 Cars Per Day --Extraordinary Demographics – Population Counts Exceed 600,665 Residents Within Five Miles | Average Household Income Exceeds $143,000 Within One Mile and $125,000 Within Five Miles --Attractive Orange County Shopping Center-- -High Visibility Location with Strong Frontage Along Valley View Street – Three Separate Points for Ingress and Egress Provide for Easy Access to the Subject Property -Adjacent to the Valley View Street/La Palma Avenue Intersection (±76,000 Cars Per Day) -Located Less Than One Mile from the 91 Freeway (±280,000 Cars Per Day) -Anchored by Recognized Brands such as Popeyes, Jamba Juice, and Auntie Anne’s | Excellent Tenant Synergy with a Mix of Restaurant and Service-Based Businesses, Creating Consistent Daily Traffic -Long-Term NNN Leases with Annual Increases for Most Tenants | Staggered Lease Expirations Allow for Ownership to Consistently Increase Net Operating Income Over Time --Strong Real Estate Fundamentals-- -Strong Retail Synergy in the Immediate Area – Nearby Tenants Include Smart & Final Extra!, DaVita, In-N-Out, Taco Bell, Starbucks and More -Less Than 3 Miles from Major Attractions such as Knott’s Berry Farm (5 Million Annual Visitors) and Buena Park Entertainment District (Medieval Times, Pirates Dinner Adventure, Rock & Brews, Porto’s Bakery, and Many More) -Potential to Convert an Existing Restaurant into a Drive-Thru Space – Please Contact Agent for More Details -Recent Renovations Include: - Raised Parapet Plus Two New Parapet Towers for Increased Visibility - New Paint (Entire Property) and New Pavement/Slurry Seal for the Parking Lot - New Concrete and Trellis for Two New Patio/Dining Areas - ADA Improvements, Landscaping Improvements, New Trash Enclosures, and More

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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