11072-11076 Magnolia St
Garden Grove, CA 92841
99 Cents Only Store · Retail Property For Sale

CBRE is pleased to offer for sale an ideal value-add 99 Cents Only retail opportunity located in Orange County. This site is strategically placed at the heavily trafficked intersection of Katella Ave. and Magnolia St.(49,000+ cars/day) in one Southern California’s densest real estate sub-markets, Garden Grove. Comprised of a 36,469 sf building (former grocery store) on a 112,285 sf parcel, the property is presented with significant upside while priced well below replacement cost at just over $140/sf. Part of a multi-parcel shopping center, the property currently is leased to 99 Cents Only, occupying 54.84% of the building, and the remaining 16,469 rentable sf delivered vacant. The 99 Cents Only lease has over 10 years remaining with options, providing a future investor with a long term and secure income stream. The vacant junior-box space is separately metered in gray shell condition. The property offers investors and owner-users alike the rare opportunity to reposition the vacant space and significantly increase cash-flow.