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Restaurant

12362 Chapman Ave

12362 Chapman Ave, Garden Grove, CA 92840

Listing Price: $8,145,000

Cap Rate
4.00%
Tenant Name
Oggi's Sports & Brewing
Years Remaining On Lease
19.0
Guarantor
Personal Guarantee
Rentable SF
5,428
Lease Type
Absolute Net
Rent Per Square Feet
$59.87

Investment Overview

Marcus & Millichap is pleased to present Oggi’s Pizza & Brewing, a Single Tenant Net Leased investment located in the Anaheim Resort District of Orange County, California. Built in 2008, the Property is situated on a 0.48 Acre parcel, as part of a Resort Center anchored by Anaheim Marriott Suites (371 2-room suites), Delta Hotels Marriott (382 rooms) and Homewood Suites by Hilton (166 rooms). Other restaurant tenants include Outback Steakhouse, Joe’s Crabshack and Red Robin. The center is strategically located at the Hard Signalized Intersection of Chapman Avenue (57,813 Cars Per Day) and Harbor Boulevard (58,961 Cars Per Day) for a combined daily traffic count of 116,774 cars passing by the property. The corner is home to other national retailers and hotels, such as Target, CVS, Big 5 Sporting Goods, Raising Cane’s, Starbucks, Hyatt Regency, Residence Inn, Embassy Suites, Hilton Garden Inn, The Grand Theater surrounding the property. Additionally, there are two new Resort Hotels under construction on Harbor Blvd at the same intersection: Nickolodean Resort (500 rooms) and Le Meridien & Kimpton Hotel (769 rooms). Oggi’s Pizza & Brewing has thrived at this location for 15+ Years, providing a unique dining experience for locals and tourists alike. This location is the #1 Performing Oggi’s in the entire Franchise. The Operator is well-capitalized and sophisticated with over 20 years of experience within the Restaurant and Dining consultant industry, continously exceeds sales expectations with multiple #1 Brands and Locations. Oggi’s has partnerships with 5 professional sports organizations with location-specific menus for their track stadiums. Today, Oggi’s has 16 locations serving Southern California with this location as #1. They will sign a brand new 20-Year Absolute Net Lease with 2 (5-year) options at the Close of Escrow, with 10% rental increases every 5 years, providing an investor with a passive income stream, ease of management and a hedge against inflation located in the Heart of Orange County and within one of the Largest Entertainment Hubs of California.

Investment Highlights

  • Oggi's Pizza & Brewery, a Single-Tenant Net Lease Restaurant located near the Anaheim Resort District in Orange County, California. Daily Traffic Count: 116,774 Cars.
  • #1 Performing Location. Brand New 20-Year Absolute NNN Lease with 10 Increases every 5 Years. Well-capitalized and Sophisticated Operator with 20+ years of experience and multiple #1 Locations
  • Tremendous Orange County Demographics: High Density Population of 857,000 People within 5-mile Radius.
  • Surrounded by Major Tourist Destinations: Disneyland Resort, The Anaheim Convention Center, Angel Stadium, Honda Center, Knotts Berry Farm.

Exclusively Listed By

Financing By

Restaurant

12362 Chapman Ave

Listing Price: $8,145,000

Cap Rate
4.00%
Tenant Name
Oggi's Sports & Brewing
Years Remaining On Lease
19.0
Guarantor
Personal Guarantee
Rentable SF
5,428
Lease Type
Absolute Net
Rent Per Square Feet
$59.87

Investment Highlights

  • Oggi's Pizza & Brewery, a Single-Tenant Net Lease Restaurant located near the Anaheim Resort District in Orange County, California. Daily Traffic Count: 116,774 Cars.
  • #1 Performing Location. Brand New 20-Year Absolute NNN Lease with 10 Increases every 5 Years. Well-capitalized and Sophisticated Operator with 20+ years of experience and multiple #1 Locations
  • Tremendous Orange County Demographics: High Density Population of 857,000 People within 5-mile Radius.
  • Surrounded by Major Tourist Destinations: Disneyland Resort, The Anaheim Convention Center, Angel Stadium, Honda Center, Knotts Berry Farm.

Investment Overview

Marcus & Millichap is pleased to present Oggi’s Pizza & Brewing, a Single Tenant Net Leased investment located in the Anaheim Resort District of Orange County, California. Built in 2008, the Property is situated on a 0.48 Acre parcel, as part of a Resort Center anchored by Anaheim Marriott Suites (371 2-room suites), Delta Hotels Marriott (382 rooms) and Homewood Suites by Hilton (166 rooms). Other restaurant tenants include Outback Steakhouse, Joe’s Crabshack and Red Robin. The center is strategically located at the Hard Signalized Intersection of Chapman Avenue (57,813 Cars Per Day) and Harbor Boulevard (58,961 Cars Per Day) for a combined daily traffic count of 116,774 cars passing by the property. The corner is home to other national retailers and hotels, such as Target, CVS, Big 5 Sporting Goods, Raising Cane’s, Starbucks, Hyatt Regency, Residence Inn, Embassy Suites, Hilton Garden Inn, The Grand Theater surrounding the property. Additionally, there are two new Resort Hotels under construction on Harbor Blvd at the same intersection: Nickolodean Resort (500 rooms) and Le Meridien & Kimpton Hotel (769 rooms). Oggi’s Pizza & Brewing has thrived at this location for 15+ Years, providing a unique dining experience for locals and tourists alike. This location is the #1 Performing Oggi’s in the entire Franchise. The Operator is well-capitalized and sophisticated with over 20 years of experience within the Restaurant and Dining consultant industry, continously exceeds sales expectations with multiple #1 Brands and Locations. Oggi’s has partnerships with 5 professional sports organizations with location-specific menus for their track stadiums. Today, Oggi’s has 16 locations serving Southern California with this location as #1. They will sign a brand new 20-Year Absolute Net Lease with 2 (5-year) options at the Close of Escrow, with 10% rental increases every 5 years, providing an investor with a passive income stream, ease of management and a hedge against inflation located in the Heart of Orange County and within one of the Largest Entertainment Hubs of California.

Exclusively Listed By

Financing By

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