Colliers’ Retail Capital Markets Team is pleased to present the opportunity to acquire a strip center located West of the 405 Freeway on the premier commercial corridor in Beach Blvd. Strategically situated on the northeast signalized hard corner of Beach Blvd & Edinger Ave, Edinger Strip Center has excellent drive-by visibility and sees over 100,000 VPD. Pho 101, sister restaurant to longtime Garden Grove Pho 79 restaurant which received the 2019 James Beard Award, anchors this center and brings with it huge lunch and dinner crowds. This daily needs tenant-mix paired with the exceptional real estate fundamentals makes this one of the most highly sought after properties currently on the market in Orange County. Most importantly, this property can be purchased north of a 6.00% cap rate on current income and has 2-3% annual rent increases across the board.
- Rare opportunity to purchase a strip center West of the 405 Freeway in Orange County
- Located in a dense, affluent community with over 600,000 people within a 5-mile radius and over $100,000 average household income
- E-Commerce proof tenant line-up with highly rated food and service retailers
- Ample parking which provides a meaningful amenity for the huge lunch and dinner crowds that Pho 101 demands
- All tenants are on NNN leases which provide for limited management obligation
- Delivered free and clear of debt