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663 S Placentia Ave 3,300 SF Retail Building Fullerton, CA 92831 $5,666,740 CAD ($1,717.19 CAD/SF)
Executive Summary
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.
? 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,300 SF
Building Class
B
Year Built
2020
Price
$5,666,740 CAD
Price Per SF
$1,717.19 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.08 AC
Opportunity Zone
Yes
Zoning
M-P - Manufacturing Park - Manufacturing Park
Frontage
361’ on South Placentia Avenue
Amenities
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 338-071-22 | Improvements Assessment | $998,041 CAD |
| Land Assessment | $2,690,373 CAD | Total Assessment | $3,688,414 CAD |
Property Taxes
Parcel Number
338-071-22
Land Assessment
$2,690,373 CAD
Improvements Assessment
$998,041 CAD
Total Assessment
$3,688,414 CAD
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663 S Placentia Ave
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