140 Wilshire AveFullerton, CA 92832

Property Details for 140 Wilshire Ave

Year built

1949

Lot size

0.18 AC

Property size (Sq ft)

4,400 SF

Property type

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.

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

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