140 Wilshire AveFullerton, CA 92832

  • Retail properties
  • 4,400 SF
For Sale
$3,770,000 View listing

Property Details for 140 Wilshire Ave

Year built
1949
Lot size
0.18 AC
Property size (Sq ft)
4,400 SF
Property type
Retail properties
Property subtype
Retail space
APN
032-232-02
APU
3223202

Description

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.

140 Wilshire Ave, Fullerton, California

Location Insight

City
Fullerton
County
Orange
State
California
Latitude
33.8721
Longitude
-117.926
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$33,726
$2,389,441
$692,695
$3,082,136
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