Duong Investment Group

Beach & Westminster Shopping Center

7911-7981 Westminster Boulevard, Westminster, CA 92683

Property Description

Price: $3,640,000
Price Per/SF: $277.57
Land Area: ±1.25 Acres
Cap Rate: 5.75%
Gross Leasable Area: ±13,114 SF
Year Built: 1986

Investment Highlights

Signalized, Corner Location at the Main & Main Intersection of Beach Boulevard and Westminster Boulevard – Outstanding Average Daily Traffic Counts of ±111,300 Cars Per Day

Leasehold Investment with 36 Years Remaining (Including Options) –– Additional Bonus Depreciation Available in Year 1 Provides for an Immediate Tax Benefit – Please Contact Agent for More Details

Located at One of the Busiest Intersections in Little Saigon – Little Saigon is Home to Over 189,455 People in a 4-Square Mile Area

 

Prime Retail Investment Opportunity

Leasehold Interest Has the Right of First Refusal to Purchase the Ground, Creating an Excellent Opportunity to Secure the Fee Simple Interest in a Prime Corner in the Heart of Orange County

Long Term Tenancy – Over 86% of the GLA is Occupied by Tenants with 20+ Year Operating History

250+ Feet of Frontage on Beach Boulevard and 275+ Feet of Frontage on Westminster Boulevard | Excellent Visibility and Signage on Both Streets

CPI or Fixed Annual Increases for All Tenants Provide for an Excellent Hedge Against Inflation

Synergistic Tenant Mix of Restaurant and Service Tenants Promotes Strong and Recurring Patronage to the Subject Property

 

Excellent Surrounding Area & Strong Real Estate Fundamentals

Centrally Located Between the 405 Freeway (±275,000 Cars Per Day) and the 22 Freeway (±190,000 Cars Per Day)

Strong Residential and Commercial Presence in Close Proximity to the Subject Property – Daytime Population Exceeds 575,000 Within Five Miles

Strong Immediate Credit Tenant Presence Including Costco, Wal-Mart, Chase Bank, Walgreens, Wells Fargo, Starbucks, and Many More

±1.29 Acre Lot Size | Excellent Parking Ratio of ±7.02 Spaces Per 1,000 SF

Multiple Points of Ingress and Egress on Both Chapman Avenue and Dale Street

Dense, Infill Area – Population Counts Exceed 645,000 Within Five Miles | Average Household Income of $106,000 Within 3 Miles

Contact Information

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