1901 NORTH EUCLID STREET, FULLERTON, CA

Transcription

1 1901 NORTH EUCLID STREET, FULLERTON, CA Orange County Retail Redevelopment Offering Rosecrans Avenue North Euclid Street

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3 CONFIDENTIALITY & DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. Activity ID: Y NON-ENDORSEMENT NOTICE

4 THE OFFERING Address 1901 North Euclid Street Fullerton, CA Price $3,400,000 Price/SF (Building) $ Price/SF (Land) $60.98 Gross Leasable Area 6,757 SF Year Built 1979 Lot Size 1.28 AC APN North Euclid Street This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap. All rights reserved. Activity ID: Y

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6 REDEVELOPMENT POTENTIAL Marcus & Millichap is pleased to present the opportunity to purchase 1901 North Euclid Street, a fee-simple outparcel to a shopping center in the dense market of Fullerton, California. The offering is a freestanding 6,757-square foot building that was constructed in 1979 on 1.28 acres. The property is located along the entrance to Sunrise Village Shopping Center, which is occupied by Del Taco, Papa Johns, Subway and many local tenants. This infill Orange County Location is a short walk to local schools that serve approximately 3,460 students and 5 miles to Cal State University Fullerton which has approcimately 40,000 enrollees. There are significant households in the immediate area and limited retail competition with the next closest shopping center over 2.2 miles away North Euclid Street This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap. All rights reserved. Activity ID: Y

7 nn Redevelopment Potential Average Household Income of $95,706 nn 1.28-Acre Outparcel Located at the Primary Entrance to Sunrise Village Shopping Center nn Short Walk to Both Sunny Hills High School and Parks Middle School (3,460 Total Students) nn Seasoned Retail Location: 39-Year Operating History as a National Bank Branch nn Minimal Retail Compeition in the Immediate Area nn Infill Orange County Location nn Strong Demographics: 192,949 Three-Mile Population With an This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap. All rights reserved North Euclid Street 4

8 PLAT MAP North Euclid Street This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap. All rights reserved. Activity ID: Y

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10 LOCATION OVERVIEW Fullerton, California prides itself on an ethnically diverse, highly educated and politically active population. The city is home to California State University, Fullerton, which serves 40,000 students just five miles from the subject property, as well as St. Jude Medical Center, one of Southern California s most respected and technologically advanced hospitals that offers 700 of the region s finest physicians. In addition to healthcare and education, Fullerton s major industries include both high tech and clean manufacturing firms such as Beckman-Coulter, Raytheon-Thales, Hydraflow, Kimberly Clark and Alcoa Fasteners. Downtown Fullerton has been revitalized over the past decade and flourishes as an entertainment district that unites the community and attracts visitors from all over Orange County. Fullerton s historic Downtown Business District is filled with distinctive shops, galleries, small business offices, and restaurants ranging from fast food favorites to five-star gourmet establishments and is served by a free WiFi network. It is home to several live performing arts companies, including the Fullerton Civic Light Opera, and hosts the top live jazz club in Southern California. The Downtown is also home to the award-winning Fullerton Museum Center, which presents year-round fine art, cultural and educational exhibits, plus special concerts and lectures. From April through October, the Museum is the anchor for the popular weekly Fullerton Market that offers fresh produce, crafts, food booths and free live entertainment. The market promotes a strong sense of community by drawing hundreds of individuals and families from throughout the city each week. Plans have been developed for major renovation and expansion of the Fullerton Library, the Seniors Center, and the Girls and Boys Club in the Downtown. - City of Fullerton LIMITED RETAIL COMPETITION the nearest retail center is 2.2 miles from the subject property 10/10 GREAT SCHOOLS RATING for all assigned schools 30,000 CARS PER DAY approximate traffic volume along North Euclid Street* North Euclid Street * Note: 2012 Traffic volume figures. Copyright TomTom. All rights reserved. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap. All rights reserved.. Activity ID: Y

11 Rosecrans Avenue North Euclid Street 1901 North Euclid Street 8

12 GROWING MARKET POPULATION 1 MILE 3 MILES 5 MILES 2021 Projection 11, , , A Estimate 10, , , Census 10, , , Census 8, , , ,949 3-MILE POPULATION 4.93% increase since 2010 Growth 2016A % 2.26% 1.54% Growth A 4.84% 4.93% 5.45% Growth % 6.35% 3.97% INCOME 1 MILE 3 MILES 5 MILES 2021 Projection Average Household $165,718 $112,595 $102,838 Median Household $115,464 $81,432 $75,701 $140,375 AVERAGE HOUSEHOLD INCOME within one mile of the subject property 6.51% increase since 2010 Per Capita Income $55,614 $37,077 $32, Estimate Average Household $140,375 $95,706 $87,927 Median Household $98,647 $68,234 $64,068 Per Capita Income $47,382 $31,484 $27, North Euclid Street 2013 by Experian, Inc. All Rights Reserved GfK Mediamark Research and Intelligence, LLC. All Rights Reserved. Vintage by Dun and Bradstreet, Inc. All rights reserved Applied Geographic Solutions, Inc. All Rights Reserved Alteryx, Inc. All rights reserved.

13 POPULATION BY RACE 1 MILE 3 MILES 5 MILES White 44.39% 50.66% 52.05% Black 1.33% 2.21% 2.66% Asian 47.69% 23.38% 18.10% Native American/Alaskan 0.15% 0.67% 0.81% Hawaiian/Pacific Islander 0.15% 0.22% 0.29% Multi-Race 3.58% 4.17% 4.53% Other 2.72% 18.68% 21.56% FULLERTON S TOP EMPLOYERS # EMPLOYEES 1 California State University, Fullerton 3,821 2 St. Jude Medical Center 2,928 3 Raytheon 1,446 4 Fullerton School District 1,286 5 Fullerton College 1,094 6 Fullerton Joint Union High School District 1,078 7 Alcoa Fastening Systems Albertsons North Euclid Street 10

14 EXCLUSIVELY LISTED BY MICHAEL MATTER Senior Associate License: CA