1217 Chapman AveFullerton, CA 92831

This Fullerton, CA investment property offers a unique opportunity to acquire two adjacent buildings totaling 2,448 square feet on a 0.18-acre lot. The main building, located at 1217 E Chapman Ave, is a Class B medical office currently under a 10-year NNN lease with Cottage Dental, with 7.1 years remaining. The lease includes 3% annual rent bumps and a single 5-year renewal option at fair market rent. The current Net Operating Income (NOI) is $68,746, yielding a 3.30% cap rate. Pro-forma NOI is projected at $105,946, resulting in a 5.10% pro-forma cap rate. The adjacent vacant building at 1213 E Chapman Ave presents an ideal opportunity for owner-occupancy or additional lease income. Both buildings are situated in a prime location, less than 1.5 miles from Cal State Fullerton and the 57 Freeway, and half a mile from Fullerton College, surrounded by dense residential areas. The property features 12 parking spaces. Built in 1941, this single-story property is offered as a fee-simple ownership with an asking price of $2,075,000. The APN is 283-173-04. Both buildings are being sold together. This is a single-tenant net lease investment with significant upside potential.