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Shopping Strip

Lake Forest Center

20761 Lake Forest Dr, Lake Forest, CA 92630

Listing Price: $6,000,000

Cap Rate
6.00%
Gross SF
17,244
Rentable SF
17,244
Price/Gross SF
$347.95
Lot Size
1.61 acres
Year Built
1990

Investment Overview

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire a prominent daily needs Orange County shopping center in the affluent city of Lake Forest, CA. Lake Forest Center consists of 17,284 sq.ft. of building situated upon 69,914 sq.ft. of land. After 25 years investors have the chance to purchase this center with tenants at below market rent and potential proforma returns of over 6.65%. The strong “essential” tenant mix can weather the storm of pandemics or recessions alike and can provide investors steady and stable rental growth over time. The center controls over 350 feet of frontage on the heavily traveled Lake Forest Blvd with over 22,000 cars per day. Lake Forest Center draws from over 246,000 people in a 5-mile radius with an average house income of $135,608. Other retailers in the a 1-mile radius include: Target, Walmart, 99 Cents Only, Michaels, Planet Fitness, Dollar Tree, JOANN, Starbucks, Wells Fargo, Carls Jr, 7-Eleven, In-N-Out, Raising Canes, Dunkin Donuts to name a few. The city of Lake Forest is also home to several major companies such as Oakley, Inc, Kaiser Aluminum, Panasonic Avionics/Karem Aircraft, Etnies, Sole, Johny Rockets and Del Taco.

Investment Highlights

  • Lake Forest Center Offers Investors an "Essential" Tenant Mix at Six% CAP Rate in a High Barrier to Entry Market
  • Below Market Rents - Immediate Upside through MTM Tenancy
  • Steady Annual Rent Growth Through Existing Tenants with Term
  • Over 246,000 people in a Five-mile radius with an average house income of $135,608
  • - Other retailers in the a One-mile radius include: Target, Walmart, 99 Cents Only, Michaels, Planet Fitness, Dollar Tree, JOANN, Starbucks, Wells Fargo, Carls Jr, 7-Eleven, In-N-Out, Raising Canes, Dunkin Donuts to name a few
  • - Lake Forest is also home to several major companies such as Oakley, Inc, Kaiser Aluminum, Panasonic Avionics/Karem Aircraft, Etnies, Sole, Johny Rockets and Del Taco.

Exclusively Listed By

Listing Price: $6,000,000

Cap Rate
6.00%
Gross SF
17,244
Rentable SF
17,244
Price/Gross SF
$347.95
Lot Size
1.61 acres
Year Built
1990

Investment Highlights

  • Lake Forest Center Offers Investors an "Essential" Tenant Mix at Six% CAP Rate in a High Barrier to Entry Market
  • Below Market Rents - Immediate Upside through MTM Tenancy
  • Steady Annual Rent Growth Through Existing Tenants with Term
  • Over 246,000 people in a Five-mile radius with an average house income of $135,608
  • - Other retailers in the a One-mile radius include: Target, Walmart, 99 Cents Only, Michaels, Planet Fitness, Dollar Tree, JOANN, Starbucks, Wells Fargo, Carls Jr, 7-Eleven, In-N-Out, Raising Canes, Dunkin Donuts to name a few
  • - Lake Forest is also home to several major companies such as Oakley, Inc, Kaiser Aluminum, Panasonic Avionics/Karem Aircraft, Etnies, Sole, Johny Rockets and Del Taco.

Investment Overview

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire a prominent daily needs Orange County shopping center in the affluent city of Lake Forest, CA. Lake Forest Center consists of 17,284 sq.ft. of building situated upon 69,914 sq.ft. of land. After 25 years investors have the chance to purchase this center with tenants at below market rent and potential proforma returns of over 6.65%. The strong “essential” tenant mix can weather the storm of pandemics or recessions alike and can provide investors steady and stable rental growth over time. The center controls over 350 feet of frontage on the heavily traveled Lake Forest Blvd with over 22,000 cars per day. Lake Forest Center draws from over 246,000 people in a 5-mile radius with an average house income of $135,608. Other retailers in the a 1-mile radius include: Target, Walmart, 99 Cents Only, Michaels, Planet Fitness, Dollar Tree, JOANN, Starbucks, Wells Fargo, Carls Jr, 7-Eleven, In-N-Out, Raising Canes, Dunkin Donuts to name a few. The city of Lake Forest is also home to several major companies such as Oakley, Inc, Kaiser Aluminum, Panasonic Avionics/Karem Aircraft, Etnies, Sole, Johny Rockets and Del Taco.

Exclusively Listed By

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