Garden Grove Multi-Tenant Auto Center
13072 Century Boulevard, Garden Grove, CA 92843
Property Description
Investment Highlights
Value-Add Opportunity with Current Rents 25-50% Below Market – MTM Gross Leases Allow Immediate Access to Upside
Located in the Heart of Garden Grove – Close Proximity to Garden Grove Civic Center and Several Major Traffic Drivers
Major Renovations Completed by Seller – Please See Below and Contact Agent for More Details
Upside Opportunity | Recent Renovations
8.61% Pro Forma Cap Rate – All Tenants on MTM or Short-Term Gross Leases
Low Price/SF of Just $296.44 (Well Below Replacement Value)
High Tenant Demand – Seller’s Most Recent Lease Generated 20+ Calls from Potential Tenants in a One Week Period
Excellent Curb Appeal with Recent Renovations Completed by Seller, Including:
- New Roof (2022)
- New Roll Up Bay Doors (2020)
- Full Exterior Paint (2020)
- Asphalt and ADA Parking Lines Redone (2020)
- New Chain Link and Rolling Front Gate Installed (2020)
Excellent Location with Strong Real Estate Fundamentals
Located the Heart of Garden Grove – Close Proximity to Garden Grove Civic Center Which Includes City Hall, GGPD, a Public Library, and Community Center Park
Strong Surrounding Credit Tenant Presence and Major Traffic Drivers Including Home Depot, Costco, Coastline College, and Cal State Fullerton – Garden Grove Center
Dense, Infill Location – Daytime Population Counts Within 5 Miles Exceeds 770,406
Favorable Demographics – Population within 5 Miles Exceeds 782,844 – Strong Average Household Income of $101,560 within 5 Miles
Contact Information
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643