Seafood Cove – Freestanding Restaurant Building in Little Saigon

8551 Westminster Avenue, Garden Grove, CA

Property Description

Price: $1,950,000
Price Per/SF: $531.77
Land Area: ±14,401 SF
Gross Leasable Area: ±3,667 SF
Year Built: 1966

Investment Highlights

Freestanding Restaurant Building Investment Opportunity – An Extremely Rare Offering in the Highly-Coveted Little Saigon Area of Garden Grove & Westminster, CA

Excellent Visibility from the Signalized “Main & Main” Intersection of Westminster Avenue and Newland Street – Traffic Counts Exceed 55,000 Cars Per Day

High Profile Location with Outstanding Pylon Signage on Westminster Avenue

Rare Little Saigon Restaurant Offering

  • 130+ Feet of Frontage Along Westminster Avenue, a Main Thoroughfare Through Little Saigon
  • The Subject Property Features Prominent Pylon Signage that is Visible From Traffic in All Directions
  • Excellent Upside Available – The Subject Property Features a Short-Term NNN Lease, Allowing for Occupancy by an Owner/User or Investors to Quickly Re-Tenant at Higher Rents
  • Little Saigon in Orange County, CA is Home to Over 200,000 Vietnamese Americans, or 10% of the entire Vietnamese American Population | This Region Also Includes 4,000 Businesses, 390+ Restaurants, and Millions of SF of Commercial Properties

Strong Real Estate Fundamentals

  • Ingress and Egress Available on Both Westminster Avenue and Via Rear Alleyway
  • Close Proximity to the Area’s Major Freeways (22 and 405 Freeways) | Located ½ Mile from Beach Boulevard
  • Dense, Infill Area – Population Counts Exceed 663,972 Within 5 Miles
  • Strong Average Household Income of $111,022 Within 5 Miles
  • Close Proximity to a Number of Little Saigon’s Most Popular Local Businesses as well as Credit Tenants Including Stater Bros., 7-Eleven, and AutoZone

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643

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