Warner-Euclid Plaza
11035-11095 Warner Avenue, Fountain Valley, CA 92708
Property Description
Price: $13,400,000
Land Area: ±4.53 AC (±197,327 SF)
Cap Rate: 6.65% Current | 13.90% Pro Forma (Year 11)
Gross Leasable Area: ±47,685 SF
Year Built: 1978
Investment Highlights
100% Occupied Shopping Center Anchored by Stater Bros. – Excellent Curb Appeal with Recent Improvements Completed by Seller and Tenants
High-Identity, Signalized, Corner Location at the Intersection of Warner Avenue & Euclid Street – Traffic Counts Exceed 68,900 Cars Per Day
Located Directly Across from Fountain Valley Regional Hospital (Recently Acquired by UCI Health) and Mile Square Park, a 640-Acre Regional Park & Recreation Center
Rare Fountain Valley, CA Retail Offering
- Long-Term Leasehold Investment with Favorable Terms – Low Overall Ground Rent and Excellent Tenant Operating History Provides for Stable and Sustainable Cash Flow Over the Lease Term
- Over $41,000,000 in Cash Flow is Projected in the Remaining Lease Term
- Strong Value-Add Opportunity at Stater Bros. Lease Expiration – Current Rent is Well Below Market, Providing the Opportunity to Achieve a 13.90% Cap Rate After Renewing Stater Bros. at Market Rent
Pride of Ownership Property with Strong Real Estate Fundamentals
- The Subject Property is Located Across from UCI Health – Fountain Valley Hospital and Over 120,000 SF of High Quality, Recently Renovated Medical Offices
- Fountain Valley is Home to the U.S. Headquarters for Hyundai, Yakult, Kingston Technology, and Many More Large Companies. The City has Seen a Recent Surge in New Development, Likely Due to its Convenient Location and High Quality Standard of Living
- Brand New Roof Systems Recently Installed by Seller | Major Tenants Have Invested Over $1.2 Million in Recent Tenant Improvements, Proving Their Commitment to the Location
- Centrally Located and in Close Proximity to the Area’s Major Freeways (405, 55, 5, and 22 Freeways)
- Dense, Infill Location with Nearly 720,000 Residents Within a Five-Mile Radius
- Strong Average Household Income of $115,186 Within Five Miles – Well Above the National Average
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
Tyler Leeson