Investment Highlights
Trophy Location Brea Mall Hard Corner with 46,000 VPD
Experienced 8-unit Operator ? High Performing Location with Absolute Net Lease
Adjacent to New Construction 138 Room Residence Inn by Marriott and 653 Unit Avalon Brea Place
Immediately off the 57 Freeway with over 257,941 VPD
Large 1.43 AC Lot with 100 Dedicated Parking Spaces
Apartments Immediate Proximity to Simon Property Brea Mall Redevelopment |380 Apartment Units, Din Tai Fung, Lifetime Fitness, Dick's Sporting Goods
Executive Summary
Graystone Capital Advisors is pleased to exclusively present 190 S College Blvd in Brea, CA. Located at the 46,000 VPD intersection of State College Blvd and Birch Street, the property sits catty-corner to the vibrant Brea Mall. The recently remodeled 10,614 SF Toast Kitchen and Bar features an Absolute NNN lease from an experienced 8-unit operator. The property boasts a large 1.43 AC lot with 100 dedicated parking spaces, access along both State College Blvd and Birch Street, and visibility from the 57 Freeway with 257,941 vehicles passing per day.The property will further benefits from the planned expansion of The Brea Mall, with Simon Property planning a redevelopment of the 15.5-acre former Sears space. The project will deliver a vibrant mixed-use development consisting of five new commercial buildings for retail and restaurants, a five-story 380-unit market rate with some affordable housing apartments on top of a three-story parking structure, a two-story fitness center, and two outdoor gathering spaces - a plaza and a central green area. Popular tenants initially planned for the expansion include the world-renowned Din Tai Fung, Lifetime Fitness, Dick's Sporting Goods, Zara, and Philz Coffee. More new development immediately bordering the property includes a recently completed 138-room Residence Inn by Marriott and 653 luxury units at the Avalon Brea Place Apartments.
