140 W Wilshire Ave, Fullerton, CA 92832

Property Description

SVN Vanguard is pleased to present The Forell-Harkleroad Building a retail building strategically located in the heart of Downtown Fullerton. Fullerton is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. The Forell-Harkleroad Building is within walking distance to MetroLink, Fullerton's depot station, within Downtown Fullerton's restaurant over district (ROD), within a C-3 zoned area which provides long term development opportunity for a mixed use project (commercial and residential) and numerous other immediate trade area advantages.
 
 24 Carrots is the parent company to The Casa Bonita Event Center and owner of The Forell-Harkleroad Building and will be signing a brand new, 10 year (absolute NNN lease) that will be accompanied with two 5 year option period. There shall be 10% rent bumps every 5 years of the lease agreement and said lease agreement will be executed at close of escrow. Furthermore, The Forell-Harkleroad Building will be marketed free and clear of any existing financing creating an opportunity to place creative financing tailored to an investor's desired hold period and risk profile to further enhance returns. 
 
 Ideally located near the intersection of Harbor Boulevard (44,300 vehicles per day) and Chapman Avenue (35,500 vehicles per day) with a total of over 79,800 vehicles passing the intersection daily.