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Shopping Strip

Beach & Westminster Shopping Center - Leasehold Investment (100% Depreciable)

7911-7981 Westminster Blvd., Westminster, CA 92683

Listing Price: $3,640,000

Cap Rate
5.75%
Gross SF
13,114
Rentable SF
13,114
Price/Gross SF
$277.57
Lot Size
1.29 acres
Year Built
1986

Investment Overview

--Prime Retail Investment Opportunity-- Leasehold Interest Has the Right of First Refusal to Purchase the Ground, Creating an Excellent Opportunity to Secure the Fee Simple Interest in a Prime Corner in the Heart of Orange County Long Term Tenancy – Over 86% of the GLA is Occupied by Tenants with 20+ Year Operating History 250+ Feet of Frontage on Beach Boulevard and 275+ Feet of Frontage on Westminster Boulevard | Excellent Visibility and Signage on Both Streets CPI or Fixed Annual Increases for All Tenants Provide for an Excellent Hedge Against Inflation Synergistic Tenant Mix of Restaurant and Service Tenants Promotes Strong and Recurring Patronage to the Subject Property --Excellent Surrounding Area & Strong Real Estate Fundamentals-- Centrally Located Between the 405 Freeway (±275,000 Cars Per Day) and the 22 Freeway (±190,000 Cars Per Day) Strong Residential and Commercial Presence in Close Proximity to the Subject Property – Daytime Population Exceeds 575,000 Within Five Miles Strong Immediate Credit Tenant Presence Including Costco, Wal-Mart, Chase Bank, Walgreens, Wells Fargo, Starbucks, and Many More ±1.29 Acre Lot Size | Excellent Parking Ratio of ±7.02 Spaces Per 1,000 SF Multiple Points of Ingress and Egress on Both Chapman Avenue and Dale Street Dense, Infill Area – Population Counts Exceed 645,000 Within Five Miles | Average Household Income of $106,000 Within 3 Miles

Investment Highlights

  • Signalized, Corner Location at the Main & Main Intersection of Beach Boulevard and Westminster Boulevard – Outstanding Average Daily Traffic Counts of ±111,300 Cars Per Day
  • Leasehold Investment with 36 Years Remaining (Including Options) –– Additional Bonus Depreciation Available in Year 1 Provides for an Immediate Tax Benefit – Please Contact Agent for More Details
  • Located at One of the Busiest Intersections in Little Saigon – Little Saigon is Home to Over 189,455 People in a 4-Square Mile Area

Exclusively Listed By

Shopping Strip

Beach & Westminster Shopping Center - Leasehold Investment (100% Depreciable)

Listing Price: $3,640,000

Cap Rate
5.75%
Gross SF
13,114
Rentable SF
13,114
Price/Gross SF
$277.57
Lot Size
1.29 acres
Year Built
1986

Investment Highlights

  • Signalized, Corner Location at the Main & Main Intersection of Beach Boulevard and Westminster Boulevard – Outstanding Average Daily Traffic Counts of ±111,300 Cars Per Day
  • Leasehold Investment with 36 Years Remaining (Including Options) –– Additional Bonus Depreciation Available in Year 1 Provides for an Immediate Tax Benefit – Please Contact Agent for More Details
  • Located at One of the Busiest Intersections in Little Saigon – Little Saigon is Home to Over 189,455 People in a 4-Square Mile Area

Investment Overview

--Prime Retail Investment Opportunity-- Leasehold Interest Has the Right of First Refusal to Purchase the Ground, Creating an Excellent Opportunity to Secure the Fee Simple Interest in a Prime Corner in the Heart of Orange County Long Term Tenancy – Over 86% of the GLA is Occupied by Tenants with 20+ Year Operating History 250+ Feet of Frontage on Beach Boulevard and 275+ Feet of Frontage on Westminster Boulevard | Excellent Visibility and Signage on Both Streets CPI or Fixed Annual Increases for All Tenants Provide for an Excellent Hedge Against Inflation Synergistic Tenant Mix of Restaurant and Service Tenants Promotes Strong and Recurring Patronage to the Subject Property --Excellent Surrounding Area & Strong Real Estate Fundamentals-- Centrally Located Between the 405 Freeway (±275,000 Cars Per Day) and the 22 Freeway (±190,000 Cars Per Day) Strong Residential and Commercial Presence in Close Proximity to the Subject Property – Daytime Population Exceeds 575,000 Within Five Miles Strong Immediate Credit Tenant Presence Including Costco, Wal-Mart, Chase Bank, Walgreens, Wells Fargo, Starbucks, and Many More ±1.29 Acre Lot Size | Excellent Parking Ratio of ±7.02 Spaces Per 1,000 SF Multiple Points of Ingress and Egress on Both Chapman Avenue and Dale Street Dense, Infill Area – Population Counts Exceed 645,000 Within Five Miles | Average Household Income of $106,000 Within 3 Miles

Exclusively Listed By

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