190 State College BlvdBrea, CA 92821

Property Details for 190 State College Blvd

Year built

1984

Lot size

1.43 AC

Property size (Sq ft)

10,614 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a thriving 10,614 square foot Toast Kitchen & Bar in Brea, Orange County, California. Located at 190 S State College Blvd, this single-tenant property boasts a strong 5.26% cap rate and a substantial net operating income (NOI) of $314,487. The property features a 10-year absolute NNN lease with 5 years remaining, offering security and predictable income. Rent bumps are structured at 3.25% annually during the base term, followed by fair market value with 2% annual increases during option periods. The lease includes two 5-year renewal options. Built in 1984 and extensively remodeled in 2019, the bar sits on a sizable 1.43-acre lot with ample parking for 100 vehicles. Its prime location at the intersection of State College Blvd and Birch Street (46,000 vehicles per day) offers exceptional visibility and accessibility, further enhanced by proximity to the 57 Freeway (257,941 vehicles per day) and the Brea Mall. The property benefits from significant surrounding development, including a new Marriott Residence Inn and Avalon Brea Place Apartments, and is adjacent to the planned Brea Mall expansion, featuring high-profile tenants such as Din Tai Fung and Lifetime Fitness. This is a rare opportunity to acquire a stabilized, high-performing asset in a rapidly growing area. The property's size, location, and lease terms make it an ideal investment for discerning buyers seeking strong returns and long-term stability.

Location Insight

City

Brea

County

Orange

State

California

Latitude

33.9183

Longitude

-117.883

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