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32319710
32319711

1128 S STANDARD AVE, SANTA ANA, CA 92701-6202

RD
CA 01438643
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$2,961,000
31 days on market
Updated 31 days ago

Standard Avenue Shopping Strip

Details
APN 011-255-05
Property Type Retail
Square Footage 4,404
Units 4
Cap Rate 5.49%
NOI $162,497
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 5.80%
Pro-Forma NOI $171,803
Price per SqFt $672
Year Built 1965
Stories 1
Lot Size (SqFt) 15,072
Ground Lease No

100% Occupied with Long-Term Lease Stability

Marketing description

Rare Santa Ana Infill Offering

  • Cultural Anchor in a Captive Trade Area — The Property Serves as a Daily-Needs Destination for One of Orange County's Most Densely Populated and Culturally Cohesive Hispanic Submarkets, Where Specialty Tenants Build Generational Customer Loyalty That National Brands Cannot Replicate
  • 100% Occupied with Long-Term Lease Stability — All Four Leases Run Through 2029 or Beyond, Providing Stable In-Place Cash Flow with Zero Near-Term Rollover Risk
  • Specialty Tenant Mix with Generational Customer Loyalty — Tortilleria, Panaderia, Carniceria, Fish Market, Beauty Salon, and Discount Store — Tenant Categories That Have Historically Demonstrated Strong Sales Performance and Long-Term Operator Commitment in Hispanic Neighborhood Centers

Strong Real Estate Fundamentals

  • Brand New Adjacent Public Park — The City of Santa Ana Is Currently Constructing Gerardo Mouet Park Immediately Northeast of the Property at the Corner of Standard & McFadden, Adding Permanent Green Space, Pedestrian Activity, and Community Investment Directly to the Subject's Trade Area
  • Active Public Infrastructure Investment — Standard Avenue Is Currently Receiving Significant Public Improvements Through the City's Safe Mobility Santa Ana Plan, Including Protected Bike Lanes, a New Traffic Signal at Bishop Street, ADA Upgrades, and 64 Additional Parking Spaces Along Standard Avenue Alone
  • Densely Populated Central Santa Ana Trade Area — ZIP 92701 Features One of the Highest Population Densities in Orange County (±[X] Residents Within Five Miles)
  • Excellent Connectivity to Downtown Santa Ana — Quick Access to the Santa Ana Civic Center, Downtown Santa Ana, the 5 Freeway, and the 55 Freeway

Investment highlights

  • Irreplaceable Neighborhood Retail Strip Serving One of Orange County's Densest Hispanic Trade Areas
  • 100% Occupied by a Curated Mix of Daily-Needs, Culturally-Aligned Retailers (Fish Market, Bakery/Tortilleria, Beauty Salon, Discount Store) — Internet-Resistant and Recession-Resilient by Nature
  • Adjacent to the New Gerardo Mouet Park (Currently Under Construction at the Northeast Corner of Standard & McFadden) — A Multi-Million Dollar Public Investment That Will Drive Permanent Foot Traffic to the Trade Area

Listing Contacts

RD
CA 01438643
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,497.00
$13,541.42/mo

Valuation Metrics

0
DSCR
5.49%
Cap Rate
5.49%
ROI

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