375-385 W Central Ave
Brea, CA 92821
Retail Property For Sale

The property is a very well maintained 24,065 square foot shopping center on a rare large 2.23 acres parcel. This is an excellent opportunity for an Investor to own a Southern California retail center in a strong community that has seen continuous population growth for past 20 years. This property includes 10 retail units which are 100% occupied. The in-place net operating income is equal to approximately $524,652 which equates to a 5.83% cap rate. Located directly across the street from the subject property on Central Avenue is a new development called Central Park Village Brea (see Location Overview section for more details). The city of Brea remains a region with a high demand for retail as the home to over 4.5 million square feet of retail and 32 shopping centers. The largest and most famed of these centers is the 1.5 million SF Brea Mall. The mall welcomes 14 million visitors annually and houses tenants such as Nordstrom, JCPenney, Macy’s, and Sears. Down the street from the mall is Brea’s largest power center, the 589,019 SF Brea Union Plaza which includes Babies “R” Us, Nordstrom Rack, Sears Outlet, Staples, Home Depot, and Walmart. Other noteworthy retail centers include the Brea Marketplace, Birch Street Promenade, Imperial Center East, the Brea Gateway Shopping Center, and Brea Plaza.