Duong Investment Group

Santa Ana Shopping Strip

2610 W. Edinger Avenue

Property Description

Price: $4,956,000
Land Area: ±0.70 Acres
Cap Rate: 6.35%
Gross Leasable Area: ±6,621 SF
Year Built: 1969

Investment Highlights

Shadow-Anchored by a Busy Stater Bros. Location, a Strong Traffic Generator for the Area with 50+ Years of Occupancy

Located at the “Main & Main” Intersection of W. Edinger Avenue and S. Fairview Avenue – Traffic Counts Exceed 68,000 Cars Per Day

100% Occupied Retail Center with Most Tenants on Long-Term NNN Leases

Rare Orange County Investment Opportunity

  • Excellent Operating History – Over ½ of the Tenants Have Operated at the Property for Over 20 Years
  • Located in the Heart of Santa Ana in Close Proximity to the Area’s Major Freeways (405, 5 and 55 Freeways)
  • Easy-to-Own Investment – All Leases are NNN, and Stater Bros. Manages a Number of Common Area Maintenance (CAM) Items for the Entire Shopping Center
  • Attractive Annual Increases for Most Tenants Provides for an Excellent Hedge Against Inflation
  • Favorable Weighted Average Lease Term (WALT) of ±5.74 Years

Excellent Demographics & Strong Real Estate Fundamentals

  • Dense, Infill Area – Population Counts Exceed 728,659 Within a Five-Mile Radius
  • Strong Average Household Income of $107,804 Within a Five-Mile Radius
  • Multiple Points of Ingress and Egress from Both Edinger Avenue and Fairview Street
  • Located Directly Across from Centennial Regional Park, Which Features Multiple Baseball, Basketball, Soccer, and Football Fields as well as a Skate Park, City Offices, and Various Education Facilities

 

Broker of Record: Adam Christofferson
License: CA 00530854

Contact Information

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643