12442 Lampson AvenueGarden Grove, California92840United States
$3,980,000
Commercial
1 of 13
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Located in a bustling area near Lampson Ave and Harbor Blvd,this neighborhood center offers great visibility and accessibilityfor potential customers. With its long-standing presence in thecommunity since its construction in 1964, the center is...
$3,980,000
.3713 Acres
Exterior
Commercial
Property type
1964
Year Built
23245379
Web Id
23245379
MLS ID
Garden Grove Unified
School District
430
days ago
About 12442 Lampson Avenue
Located in a bustling area near Lampson Ave and Harbor Blvd,this neighborhood center offers great visibility and accessibilityfor potential customers. With its long-standing presence in thecommunity since its construction in 1964, the center is well-known and trusted by local residents. It houses three tenants,each providing unique products or services, which can attract awider customer base and increase foot traffic. The property isfully occupied by NNN (Triple Net) tenants, which means theyare responsible for property taxes, insurance, and maintenanceexpenses, providing a stable income and reducing the landlord'smanagement duties. The property boasts over 6,197 square feetof retail space, allowing for flexible tenant configurations andpotential for future expansion or reconfiguration. With a stablethe income stream from reliable tenants, the property presents a low-risk investment opportunity for potential investors. Its primelocation, established presence, and occupancy by NNN tenantsalso suggest a potential for value enhancement through rentincreases, lease renewals, or property improvements. Overall, thisretail property is a highly attractive investment opportunity withsignificant potential for long-term appreciation and incomegeneration.
Listing Courtesy of Coldwell Banker Realty
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.