Duong Investment Group

CHAPMAN PLAZA – RARE OC SHOPPING CENTER

8510 Chapman Avenue, Stanton, CA 90680

Property Description

Price: $5,430,000
Price Per/SF: $397.13
Land Area: 0.84 Acres
Cap Rate: 5.25% Current (6.06% PF)
Gross Leasable Area: 13,673 SF
Year Built: 1961/1979

Investment Highlights

Rare Shopping Strip Located in the Heart of Orange County – Signalized, Corner Location with Strong Traffic Counts and Excellent Exposure on Chapman Avenue (Traffic Counts Exceed 31,300 Cars Per Day)

Additional Upside Opportunity to Achieve a 6.06%+ Cap Rate by Raising Rents to Market Rates – Multiple Tenants on Month to Month or Short Term Leases Allow for Immediate Access to Upside

Located on the Border of Garden Grove, CA and Stanton, CA Just One Block from Beach Boulevard

Prime Retail Location

  • Excellent Exposure and Signage on Chapman Avenue, Which is a Main Route for Residents and Visitors to the Area to Travel to Beach Boulevard
  • Recent Renovations Include Updated and Modernized Façade, Tenant Signage, Paint, Landscaping, and Parking Lot Improvements
  • Synergistic Tenant Mix of Restaurant and Service Tenants Promotes Strong and Recurring Patronage to the Subject Property
  • Located Directly Across From an Upcoming New 7-Eleven Gas Station & Convenience Store (Approved for Redevelopment) – The Property Across Chapman will be Converted to a Full Gas Station and a Brand New 2,200 Square Foot Convenience Store

Strong Real Estate Fundamentals

  • Highly Visible Monument Signage on the Corner of Chapman Avenue and Dale Street – The Subject Property Benefits from Strong Visibility From All Directions
  • Multiple Points of Ingress and Egress on Both Chapman Avenue and Dale Street
  • Excellent Operating History – Nearly 50% of the GLA is Comprised of Businesses that Have Operated at the Property for 50+ Years
  • Dense, Infill Area with 725,921 Residents Within Five Miles | Strong Average Household Income of $96,889 Within Five Miles

Contact Information

Ron Duong
Senior Vice President Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643