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12422-12442 Lampson Ave
Garden Grove, CA 92840
Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Near Disneyland.
  • High traffic area.

EXECUTIVE SUMMARY

Located in a bustling area near Lampson Ave and Harbor Blvd, this neighborhood center offers great visibility and accessibility
for potential customers. With its long-standing presence in the community since its construction in 1964, the center is well-
known and trusted by local residents. It houses three tenants, each providing unique products or services, which can attract a
wider customer base and increase foot traffic. The property is fully occupied by NNN (Triple Net) tenants, which means they
are responsible for property taxes, insurance, and maintenance expenses, providing a stable income and reducing the landlord's
management duties. The property boasts over 5,350 square feet of retail space, allowing for flexible tenant configurations and
potential for future expansion or reconfiguration. With a stable income stream from reliable tenants, the property presents a low-
risk investment opportunity for potential investors. Its prime, location, established presence, and occupancy by NNN tenants
also suggest a potential for value enhancement through rent increases, lease renewals, or property improvements. Overall, this
retail property is a lovely investment opportunity with significant potential for long-term appreciation and income
generation.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,350 SF
Building Class
C
Year Built
1981
Price
$5,510,310 CAD
Price Per SF
$1,029.96 CAD
Cap Rate
3.80%
NOI
$209,587 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.37 AC
Zoning
COMMERCIAL - COMMERCIAL / RETAIL
Parking
30 Spaces (5.61 Spaces per 1,000 SF Leased)
Frontage
84’ on Lampson Ave

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
231-441-35
Land Assessment
$2,165,766 CAD
Improvements Assessment
$446,785 CAD
Total Assessment
$2,612,552 CAD
  • Listing ID: 27943825

  • Date on Market: 2023-03-10

  • Last Updated:

  • Address: 12422-12442 Lampson Ave, Garden Grove, CA 92840

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