Investment Overview

Marcus & Millichap is pleased to present Heritage Park, a strategically located multi-tenant strip center in the heart of Norwalk, California. Positioned at the signalized intersection of San Antonio Drive and Foster Road (30,694 combined vehicles per day ), the property benefits from exceptional visibility, multiple access points, and proximity to Interstate Five and Interstate 605 (507,846 combined vehicles per day). San Antonio Drive, one of Norwalk’s primary arterial roads, delivers strong daily traffic counts, making this a high-exposure retail location. Heritage Park consists of approximately 9,946 square feet of rentable building area on a 36,642-square-foot lot, with 59 dedicated parking spaces. The center is currently 85 percent occupied by tenants on month-to-month leases, presenting a rare value-add opportunity for investors to reposition the property by bringing rents to market or pursuing an owner-user strategy with potential SBA financing. Citi Bank anchors the center with a long-term lease featuring annual three percent rent increases, offering a stable income stream and a hedge against inflation. The property enjoys proximity to major shopping destinations, including Norwalk Town Square (233,000 square feet), Norwalk Shopping Center (217,159 square feet), and Alondra Square (45,150 square feet). Additionally, the immediate trade area is supported by a robust mix of national credit tenants such as Target, Lowe’s, Northgate Market, McDonald’s, Chick-fil-A and more, further driving consumer traffic and demand. Along with the retail and industrial synergies around the site the surrounding demographics are strong, with a five-mile population exceeding 632,000 residents and an average household income of $114,873, underscoring the site’s long-term growth potential and attractive retail fundamentals.