For Sale
$4,350,000

1107 Harbor BlvdFullerton, CA 92832

High-traffic Fullerton retail investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,684 square foot, single-tenant net-leased storefront located at 1107 S Harbor Blvd, Fullerton, CA 92832. The property, built in 1974 and renovated in 2020, sits on a 0.379-acre lot and boasts 19 parking spaces. Currently 100% occupied by a credit-rated Sherwin-Williams, under a corporate-guaranteed lease commencing December 15, 2019, and expiring December 14, 2030, with three 5-year options. The lease includes a 10% rent increase every five years, ensuring a stable and appreciating income stream. The property features a C-2 zoning designation and generates a Net Operating Income (NOI) of $203,356, representing a 4.67% cap rate on the $4,350,000 asking price. This prime location, situated in a high-traffic area near Fullerton Town Center and Fullerton Metrocenter, offers exceptional visibility and accessibility. The property's strong tenant, long-term lease, and built-in rent escalations make it an ideal addition to any portfolio. The asking price is $1,180.78 per square foot.

Highlights

  • $4,350,000 asking price for a 3,684 SF Sherwin-Williams storefront in Fullerton, CA.
  • Net-leased investment property with a credit-rated corporate guarantee.
  • NN lease with a remaining term of 6 years and 3 x 5-year options; 10% rent bumps every 5 years.
  • 4.67% cap rate based on a $203,356 NOI.
  • Located on a high-traffic intersection in Orange County, CA, near major retail centers.
  • 100% occupancy since December 15, 2019.

Property Details for 1107 Harbor Blvd

Property type
Retail properties, Retail space
Square Feet
3,684 SF
Year Built/Renovated
1974/2020
Buildings
1
Lot Size (sq. ft)
16,509 SF
Units
1

Location Insight

City
Fullerton
County
Orange
State
California
Latitude
33.86051027442
Longitude
-117.92439641139
1107 Harbor Blvd, Fullerton, California

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1107 Harbor Blvd
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