Stater Bros. Shadow-Anchored Shops
Santa Ana, CA
Property Description
Price: $4,995,000
Land Area: ±0.70 Acres
Cap Rate: 6.30%
Gross Leasable Area: ±6,621 SF
Year Built: 1969
Investment Highlights
- Shadow-Anchored by a Busy Stater Bros. Location, a Strong Traffic Generator for the Area
- Located at the “Main & Main” Intersection of W. Edinger Avenue and S. Fairview Avenue – Traffic Counts Exceed 68,000 Cars Per Day
- 100% Occupied Retail Center with Most Tenants on Long-Term NNN Leases
Rare Orange County Investment Opportunity
- Excellent Operating History – Over ½ of the Tenants Have Operated at the Property for Over 20 Years
- Located in the Heart of Santa Ana in Close Proximity to the Area’s Major Freeways (405, 5 and 55 Freeways)
- Easy-to-Own Investment – All Leases are NNN, and Stater Bros. Manages a Number of Common Area Maintenance (CAM) Items for the Entire Shopping Center
- Attractive Annual Increases for Most Tenants Provides for an Excellent Hedge Against Inflation
- Favorable Weighted Average Lease Term (WALT) of 6.41 Years
Excellent Demographics & Strong Real Estate Fundamentals
- Dense, Infill Area – Population Counts Exceed 728,659 Within a Five-Mile Radius
- Strong Average Household Income of $107,804 Within a Five-Mile Radius
- Multiple Points of Ingress and Egress from Both Edinger Avenue and Fairview Street
- Located Directly Across from Centennial Regional Park, Which Features Multiple Baseball, Basketball, Soccer, and Football Fields as well as a Skate Park, City Offices, and Various Education Facilities
Broker of Record: Adam Christofferson, License: CA 00530854
Contact Information
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643