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|Remaining Term||10 years, 1 month|
|Tenant||Panda Express, Incorporated|
|Last Updated Date||26 Jun 2020|
JLL is pleased to offer for sale the fee-simple interest in a freestanding, multi-tenant retail strip Town Center Plaza located in affluent Yorba Linda, Orange County, California. The asset's tenant lineup consists of four Internet-proof national and global businesses providing stability and customer attraction - A Fortune 10 company, Panda Express (2,200+ locations), The Coffee Bean (locations in 30 countries) and Chronic Tacos (60+ locations and rapidly expanding). Located within a premier community of Orange County, the asset benefits from a robust retail economy driven by an average household income three times the national average.
The property is well-positioned at a signalized intersection with excellent visibility of Yorba Linda Boulevard (30,000 VPD) and Lakeview Avenue (13,000 VPD). It is located as an outparcel to a 65,268 square feet shopping center that is anchored by Stater Bros Grocery. Other national tenants in the area include Wells Fargo, 7-Eleven, U-Haul and more. 81% of the Center has been occupied by the same tenants since 2005. All of the tenants are operating on NNN leases, except Chronic Tacos, allowing investors to secure consistent, growing cash flows with limited responsibilities.
- 100% leased to four national Tenants
- Two corporate leases (Panda Express and The Coffee Bean)
- Personal guaranty from Chronic Taco’s franchisee
- Located in a strong retail corridor with over 775K square feet of retail space within a 1-mile radius