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32320621
32320622

1417-1431 W Warner Avenue, Santa Ana, CA 92704 For Sale

RD
CA 01438643
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$5,775,000
79 days on market
Updated 79 days ago

7-Eleven Anchored Santa Ana Plaza

Details
APN 408-471-16
Property Type Retail
Sub Type Convenience Store, Shopping Center
Square Footage 8,802
Units 5
Cap Rate 5.50%
NOI $317,554
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 5.87%
Pro-Forma NOI $338,962
Year Built 1968
Lot Size (SqFt) 35,637
Parking Spaces 50 spaces
Parking per 1,000 SqFt 5.68
Investment Type Stabilized

Retail | 5.50% CAP | 8,802 SqFt

Marketing description

Rare Southern California Infill Offering

  • Irreplaceable Orange County Location — Fully Built-Out, Densely Populated Trade Area with Significant Barriers to New Retail Construction
  • Corporate-Backed 7-Eleven Anchor — 27% of the GLA Occupied by 7-Eleven, the World's Largest Convenience Store Chain (±84,000 Locations Globally, $83.5B in Annual Revenue, A Credit Rating by S&P)
  • Stable, Service-Oriented Tenant Roster — Mix of Convenience, Health & Wellness, and Daily-Needs Uses That Are Resistant to E-Commerce Disruption and Provide Recurring Customer Visits

Strong Real Estate Fundamentals

  • Active Residential Densification in the Surrounding Trade Area — The City of Santa Ana Has an Active Pipeline of Mixed-Use and Residential Developments Along the Nearby Harbor Boulevard and Bristol Street Corridors, Including Central Pointe (644 Units), Related California's Bristol Specific Plan, and The Village Santa Ana Specific Plan (20-Year Buildout Beginning January 2026)
  • Excellent Freeway Access — Less Than 2 Miles from the 405 Freeway (One of the Busiest Freeways in the United States) | Quick Connectivity to the 55 and 22 Freeways | ±5 Miles to John Wayne Airport (SNA)
  • Dense, High-Volume Consumer Trade Area — Over ±637,000 Residents Within Five Miles, Providing a Deep Daily-Needs Customer Base for the Center's Service-Oriented Tenant Mix
  • High-Visibility Position on Warner Avenue — A Regionally Significant Arterial Roadway Designated by Both the City of Santa Ana and Orange County, Providing East-West Connectivity Through Three Major Submarkets (±31,200 Cars Per Day)

Investment highlights

  • 7-Eleven Anchored Multi-Tenant Retail Strip — Corporate-Backed Convenience Anchor in a Densely Populated Central Orange County Infill Location
  • Prime Infill Location Along Warner Avenue, a Regionally Significant Arterial Roadway Connecting Santa Ana, Costa Mesa, and Fountain Valley
  • 100% Occupied by an Internet-Resistant, Service-Based Tenant Mix Anchored by Daily-Needs Uses (Convenience, Dental, Laundry, Wellness, and Restaurant)

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
$--
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Annual Cash Flow
$317,554.00
$26,462.83/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Tony Solomon
License
CA 01238010
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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