La Palma Collection
7811-7971 Valley View Street, La Palma, CA 90623
Property Description
Price: $14,450,000
Price Per/SF: $605.06
Land Area: ±2.86 Acres (±124,659 Square Feet)
Cap Rate: 5.26%
Gross Leasable Area: ±23,882 Square Feet
Year Built: 1975/2021 (Renovated)
Investment 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 $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
Contact Information
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643