For Sale
$3,770,000

140 Wilshire AveFullerton, CA 92832

Prime Retail Investment, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4,400 square foot storefront in Downtown Fullerton, CA presents a compelling net lease investment opportunity. The property boasts a strong 6-year lease with two 5-year options, guaranteed by two financially sound companies, ensuring consistent income. Located at 140 W Wilshire Ave, 92832, this single-tenant building enjoys 100% occupancy and generates a substantial net operating income (NOI) of $168,000, representing a 4.50% cap rate. Built in 1950, the one-story structure sits on a 7,632 square foot lot and benefits from C-3 zoning, allowing for diverse uses including restaurants, retail, and offices, even medical. The lease includes 2% annual rent bumps, providing built-in growth. The property's strategic location in Downtown Fullerton's Restaurant Overlay District (ROD), near the intersection of high-traffic Harbor and Chapman Avenues (over 79,800 vehicles daily), and within walking distance of the MetroLink station, ensures high visibility and accessibility. Recent capital improvements, including roof and HVAC systems, minimize immediate capital expenditures. The property is situated in Parking District 1, offering potential expansion opportunities. This is a rare chance to acquire a stable, high-performing asset with significant long-term potential in a thriving Orange County location. The asking price is $3,770,000.

Highlights

  • New 6-year absolute NNN lease with two 5-year options, guaranteed by two strong companies.
  • Casa Bonita Event Center enjoys a prime Downtown Fullerton location, benefiting from high residential and commercial density.
  • Situated in Fullerton's Parking District 1, offering redevelopment potential.
  • Excellent walkability to Metrolink, restaurants, and a C-3 zoned area allowing for mixed-use development.
  • High visibility at the intersection of Harbor Blvd (44,300 VPD) and Chapman Ave (35,500 VPD), totaling over 79,800 vehicles daily.

Property Details for 140 Wilshire Ave

Property type
Retail properties, Retail space
Square Feet
4,400 SF
Year Built
1950
Stories
1

Location Insight

City
Fullerton
County
Orange
State
California
Latitude
33.8722054
Longitude
-117.9262274
140 Wilshire Ave, Fullerton, California

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140 Wilshire Ave
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