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Shopping Strip

Chapman Plaza - Rare OC Shopping Center | Signalized Corner

8510 Chapman Ave, Stanton, CA 90680

Listing Price: $5,175,000

Cap Rate
5.28%
Gross SF
36,590
Rentable SF
13,673
Price/Gross SF
$141.43
Lot Size
0.84 acres
Year Built
1961

Investment Overview

Prime Retail Location - Excellent Exposure and Signage on Chapman Avenue, Which is a Main Route for Residents and Visitors to the Area to Travel to Beach Boulevard - Recent Renovations Include Updated and Modernized Façade, Tenant Signage, Paint, and Landscaping Improvements - Synergistic Tenant Mix of Restaurant and Service Tenants Promotes Strong and Recurring Patronage to the Subject Property - Located Directly Across From an Upcoming New 7-Eleven Gas Station & Convenience Store (Approved for Redevelopment) – The Property Across Chapman will be Converted to a Full Gas Station and a Brand New 2,200 Square Foot Convenience Store Strong Real Estate Fundamentals - Highly Visible Monument Signage on the Corner of Chapman Avenue and Dale Street – The Subject Property Benefits from Strong Visibility From All Directions - Multiple Points of Ingress and Egress on Both Chapman Avenue and Dale Street Excellent Operating History – Nearly 50% of the GLA has Businesses that Have Operated at the Property for 50+ Years - Dense, Infill Area with 725,921 Residents Within Five Miles | Strong Average Household Income of $96,889 Within Five Miles

Investment Highlights

  • Located on the Border of Garden Grove, CA and Stanton, CA Just One Block from Beach Boulevard
  • Rare Shopping Strip Located in the Heart of Orange County - Signalized, Corner Location with Strong Traffic Counts and Excellent Exposure on Chapman Avenue (Traffic Counts Exceed 31,300 Cars Per Day)
  • Additional Upside Opportunity to Achieve a 6.10%+ Cap Rate by Leasing Up Existing Vacancy and Raising Rents to Market Rates - Multiple Tenants on Month to Month Leases Allow for Immediate Access to Up

Exclusively Listed By

Shopping Strip

Chapman Plaza - Rare OC Shopping Center | Signalized Corner

Listing Price: $5,175,000

Cap Rate
5.28%
Gross SF
36,590
Rentable SF
13,673
Price/Gross SF
$141.43
Lot Size
0.84 acres
Year Built
1961

Investment Highlights

  • Located on the Border of Garden Grove, CA and Stanton, CA Just One Block from Beach Boulevard
  • Rare Shopping Strip Located in the Heart of Orange County - Signalized, Corner Location with Strong Traffic Counts and Excellent Exposure on Chapman Avenue (Traffic Counts Exceed 31,300 Cars Per Day)
  • Additional Upside Opportunity to Achieve a 6.10%+ Cap Rate by Leasing Up Existing Vacancy and Raising Rents to Market Rates - Multiple Tenants on Month to Month Leases Allow for Immediate Access to Up

Investment Overview

Prime Retail Location - Excellent Exposure and Signage on Chapman Avenue, Which is a Main Route for Residents and Visitors to the Area to Travel to Beach Boulevard - Recent Renovations Include Updated and Modernized Façade, Tenant Signage, Paint, and Landscaping Improvements - Synergistic Tenant Mix of Restaurant and Service Tenants Promotes Strong and Recurring Patronage to the Subject Property - Located Directly Across From an Upcoming New 7-Eleven Gas Station & Convenience Store (Approved for Redevelopment) – The Property Across Chapman will be Converted to a Full Gas Station and a Brand New 2,200 Square Foot Convenience Store Strong Real Estate Fundamentals - Highly Visible Monument Signage on the Corner of Chapman Avenue and Dale Street – The Subject Property Benefits from Strong Visibility From All Directions - Multiple Points of Ingress and Egress on Both Chapman Avenue and Dale Street Excellent Operating History – Nearly 50% of the GLA has Businesses that Have Operated at the Property for 50+ Years - Dense, Infill Area with 725,921 Residents Within Five Miles | Strong Average Household Income of $96,889 Within Five Miles

Exclusively Listed By

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