Farmer Boys and Development Pads
New, High Credit STNL with Development Upside
Marketing description
INVESTMENT HIGHLIGHTS
▪ Home Depot and Sam’s Club Anchored Center – Fullerton Crossings is shadow-anchored by a high-performing Home Depot and Sam’s Club (with fuel station), generating significant daily traffic from a larger regional draw.
▪ Long Term Farmer Boys Ground Lease – Farmer Boys has nearly 16 years remaining on its current term. The ground lease results in extreme ease of ownership.
» Farmer Boys was founded in 1981 and now has nearly 100 restaurants in California and Nevada and continues to grow.
▪Secure In-Place NOI with Development Upside – Long term ground lease with Farmer Boys provides existing cash flow with an opportunity to add value to the property through the development or ground lease of the two vacant pads, which are entitled for two buildings totaling ±5,650 SF and ±13,260 SF, respectively.
Investment highlights
▪ Excellent Housing Growth – Fullerton Crossings benefits from over 6,600 housing units within 1 mile, 70,700 within 3 miles, and 165,000 within 5 miles. Additionally, Fullerton City Council recently approved a large new housing development on a 4.47-acre site less than 3 miles from the property that will contain 329 residential apartments.
▪ Free and Clear of Existing Debt – No existing financing in place, available for a quick close to accommodate 1031 Exchange identification.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
