Overview

Description

Faris Lee Investments is pleased to offer a rare opportunity to purchase 41,746 SF of shops to an Orange County, dominant grocery (Smart & Final Extra) anchored shopping center with extremely strong customer visits. The investor gets to enjoy strong income growth with nearly 75% of the leases having annual rent increases, and the diverse tenant mix provides a convenient shopping experience. Furthermore, the investor will obtain a stable income stream & strong historical occupancies with 65% of tenants in occupancy for at least 7 years.

Yorba Canyon Center is strategically positioned as the only grocery anchored shopping center serving the affluent communities of Bryant Ranch & Hidden Hills with over $164,000 AHHI. In addition, the subject property has a prime location on Yorba Linda Blvd. which is the main thoroughfare through Yorba Linda. Other national retailers within close proximity include: Costco, Home Depot, Target, Hobby Lobby, Best Buy as well as multiple auto dealerships. Located within a supply-constrained market with high barriers to entry provide for extremely high retail occupancy.
The subject property consists of three separate parcels allowing for break-up potential to maximize return on investment & optimal asset allocation. Attractive financing options of assuming the existing loan at below market interest rate with minimal down payment, or obtaining new debt are available to suit the investor’s needs.

Highlights

• Rare Opportunity to Purchase Dominant Grocery Anchored Center with Extremely Strong Customer Visits
• Stable Income Stream and Strong Historical Occupancies With 65% of Tenants in Occupancy for At Least 7 Years
• Strategically-Positioned As the Only Grocery Anchored Shopping Center Serving the Affluent Communities of Bryant Ranch and Hidden Hills
• Attractive Financing Options Of Assuming Existing Loan At Below Market Interest Rate With Minimal Down Payment Or Obtaining New Debt
• Strong Income Growth with Nearly 75% of Leases Having Annual Rent Increases
• Three Separate Parcels Allowing For Break-Up Potential to Maximize Return of Investment and Optimal Asset Allocation
• Highly Affluent Trade Area & Well Educated Population within a Master Planned Community
• Supply-Constrained Market with High Barriers to Entry & Extremely High Retail Occupancy
• Diverse Tenant Mix Provides a Convenient Shopping Experience with Grocery, Dining, Fuel, Banking, Health, Real Estate, and Fitness
• Strong Retail Trade Area Featuring Top Retailers: Costco, Home Depot, Target, Hobby Lobby, Nordstrom Rack, Kohl’s, Best Buy, Dick’s Sporting Goods, Michael’s, PetSmart, & Ashley Home Store
• Signage and Paint Upgrades Are In The Process Of Being Approved
• Prime Location on Yorba Linda Blvd. | Major Thoroughfare through Yorba Linda
• Ideal Size of Shop Spaces
• NNN Leases

---