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Shopping Auto Center

Century Auto Center - Garden Grove, CA

13072 Century Blvd, Garden Grove, CA 92843

Listing Price: $1,875,000

Cap Rate
5.68%
Gross SF
6,325
Rentable SF
6,325
Price/Gross SF
$296.44
Lot Size
0.42 acres
Year Built
1955

Investment Overview

--Upside Opportunity | Recent Renovations--

Strong Value-Add Opportunity with a 8.61% Pro Forma Cap Rate – All Leases on MTM or Short-Term Gross Leases Allows Investors to Immediately Access Upside

High Tenant Demand – Seller’s Most Recent Lease Generated 20+ Calls from Potential Tenants in a One Week Period

Long-Term Tenancy - Multiple Tenants Have Occupied the Property for 15+ Years

Excellent Curb Appeal with Recent Renovations Completed by Seller, Including:
- New Roof (2022)
- New Roll Up Bay Doors (2020)
- Full Exterior Paint (2020)
- Asphalt and ADA Parking Lines Redone (2020)
- New Chain Link and Rolling Front Gate Installed (2020)

--Excellent Location with Strong Real Estate Fundamentals--

Located the Heart of Garden Grove – Close Proximity to Garden Grove Civic Center Which Includes City Hall, GGPD, a Public Library, and Community Center Park

Strong Surrounding Credit Tenant Presence and Major Traffic Drivers Including Home Depot, Costco, Coastline College, and Cal State Fullerton – Garden Grove Center

Dense, Infill Location – Daytime Population Counts Within 5 Miles Exceeds 770,406

Favorable Demographics – Population within 5 Miles Exceeds 782,844 – Strong Average Household Income of $101,560 within 5 Miles

Investment Highlights

  • Located in the Heart of Garden Grove – Close Proximity to Garden Grove Civic Center and Several Major Traffic Drivers
  • Value-Add Opportunity (8.61% Pro Forma Cap Rate) – MTM Gross Leases Allow Investors to Immediately Access Upside
  • Major Renovations Completed by Seller – Please See Below and Contact Agent for More Details
  • Low Price/SF of Just $296.44 (Well Below Replacement Value)

Exclusively Listed By

Financing By

Shopping Auto Center

Century Auto Center - Garden Grove, CA

Listing Price: $1,875,000

Cap Rate
5.68%
Gross SF
6,325
Rentable SF
6,325
Price/Gross SF
$296.44
Lot Size
0.42 acres
Year Built
1955

Investment Highlights

  • Located in the Heart of Garden Grove – Close Proximity to Garden Grove Civic Center and Several Major Traffic Drivers
  • Value-Add Opportunity (8.61% Pro Forma Cap Rate) – MTM Gross Leases Allow Investors to Immediately Access Upside
  • Major Renovations Completed by Seller – Please See Below and Contact Agent for More Details
  • Low Price/SF of Just $296.44 (Well Below Replacement Value)

Investment Overview

--Upside Opportunity | Recent Renovations-- Strong Value-Add Opportunity with a 8.61% Pro Forma Cap Rate – All Leases on MTM or Short-Term Gross Leases Allows Investors to Immediately Access Upside High Tenant Demand – Seller’s Most Recent Lease Generated 20+ Calls from Potential Tenants in a One Week Period Long-Term Tenancy - Multiple Tenants Have Occupied the Property for 15+ Years Excellent Curb Appeal with Recent Renovations Completed by Seller, Including: - New Roof (2022) - New Roll Up Bay Doors (2020) - Full Exterior Paint (2020) - Asphalt and ADA Parking Lines Redone (2020) - New Chain Link and Rolling Front Gate Installed (2020) --Excellent Location with Strong Real Estate Fundamentals-- Located the Heart of Garden Grove – Close Proximity to Garden Grove Civic Center Which Includes City Hall, GGPD, a Public Library, and Community Center Park Strong Surrounding Credit Tenant Presence and Major Traffic Drivers Including Home Depot, Costco, Coastline College, and Cal State Fullerton – Garden Grove Center Dense, Infill Location – Daytime Population Counts Within 5 Miles Exceeds 770,406 Favorable Demographics – Population within 5 Miles Exceeds 782,844 – Strong Average Household Income of $101,560 within 5 Miles

Exclusively Listed By

Financing By

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