Fairgrove Shopping Center 15414-15426 Fairgrove Ave

Investment Highlights

High visibility from busy N. Hacienda Currently lower than market rent Long term seasoned tenant mix Steady cash flow investment

Executive Summary

Explore an exceptional investment opportunity in a prime triple-net multi-unit retail strip center, strategically nestled within the vibrant North Hacienda Retail Corridor. Envisioned as a cornerstone of stability and prosperity, this center boasts a long-term, seasoned tenant mix that epitomizes resilience in the retail landscape.Moreover, anticipate further enhancement of the surrounding area with the planned addition of a self-service car wash south of the parcel. This forthcoming amenity promises to augment foot traffic and bolster the center's already robust appeal.With full occupancy across all units, investors can rest assured of a consistent revenue stream, underlining the center's unwavering financial viability. Embrace the opportunity to join a flourishing commercial community and secure your stake in this thriving retail destination.

• Sale Type    Investment
• Sale Condition    1031 Exchange
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront Freestanding
• Building Size    14,160
• Building Class    C
• Year Built    1954
• Price    3,100,000
• Price Per SF    219
• Cap Rate    6.42
• NOI    198,882
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.52
• Land Acres    0.63 AC

• Bus Line