Listed by Summit RE, Hanley Investment Group
$13,200,000
Fullerton Court | Fullerton, CA
Details
APN 033-011-19 033-011-20 033-011-21
Property Type Retail
Sub Type Shopping Center
Square Footage 20,309
Net Rentable (SqFt) 20,309
Cap Rate 6.50%
NOI $858,118
Occupancy 100%
Tenancy Multi
Price per SqFt $650
Broker Co-Op Yes
Year Built 1982
Year Renovated 2004
Buildings 1
Stories 2
Acreage 0.610
Ground Lease No
Rare Orange County Multi-Tenant Retail Investment • 100% Occupied with Long-Term Leases
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/FullertonCourt
Investment highlights
- Owner Recently Executed a New 10-Year Lease with a Regional Restaurant Operator Following Multiple LOIs, Demonstrating Strong Tenant Demand at the Center
- Irreplaceable Multi-Tenant Retail Investment in the Heart of Orange County
- Anchored by Long-Term Tenants FedEx Office (25 Years) and Wahoo’s Fish Taco (24 Years)
- FedEx (NYSE: FDX)
- Operates over 2,000 locations across the U.S.
- Successfully operating at the center since 2001
- Extended its lease by 10 years in 2023, demonstrating long-term commitment to the location
- Pixiu Mala Hongtang
- Operates 5 locations in Buena Park, Los Angeles, Oakland, Portland, and Texas; 60 locations worldwide
- Executed new 10-year lease with 3.5% annual increases
- FedEx (NYSE: FDX)
- 100% Internet-Resistant Tenant Mix: Comprised of service, medical, and food uses that directly serve the surrounding residential base and nearby colleges
- Strong Inflation Hedge: 8 of the 10 tenants feature favorable 3% annual rental increases
- Minimal Near-Term Rollover: 7 tenants have lease expirations beyond five years, reducing cash flow volatility
- Functional Two-Story Design: 70% of the total square footage is located on the first floor, enhancing tenant desirability and customer accessibility
- Premier Corner Location at Major Signalized Intersection; 80,000 CPD: The property is located at one of the most heavily trafficked intersections in North Orange County–Harbor Boulevard and Chapman Avenue–serving over 80,000 cars per day
- Main & Main Retail Corridor: Located along Harbor Boulevard, one of North Orange County’s primary commercial arteries connecting Fullerton, Anaheim, and Brea
- Prominent Street Frontage with Ample Public Parking: The property features strong curb appeal along Harbor Boulevard with immediate storefront visibility, while the nearby adjacent parking structure accommodates high-volume retail traffic and quick-service users
- Walker’s Paradise: The location’s proximity to Downtown Fullerton, Fullerton College Fullerton High School and nearby Fullerton Transportation Center results in a Walkability Score of 97
- Dense and Affluent North Orange County Demographics: There are over 607,000 people with an average household income of $126,000 within a 5-mile radius
- Near Cal State University Fullerton and Fullerton College (66,000 Combined Students)
- Immediate Access to Major Transportation Arteries
- Surrounded by Dense Residential Neighborhoods
Listing Contacts
Listed by Summit RE, Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$858,118.00
$71,509.83/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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