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Orange County Retail Redevelopment Offering
1901 NORTH EUCLID STREET, FULLERTON, CA
Rosecrans Avenue
North Euclid Street
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
CONFIDENTIALITY & DISCLAIMER
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
Activity ID: Y0130289
NON-ENDORSEMENT NOTICE
1901 North Euclid Street1
THE OFFERING
Address 1901 North Euclid Street
Fullerton, CA 92835
Price $2,750,000
Price/SF (Building) $406.99
Price/SF (Land) $49.32
Gross Leasable Area 6,757 SF
Year Built 1979
Lot Size 1.28 AC
APN 287-241-03
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. Activity ID: Y0130289
1901 North Euclid Street 2
1901 North Euclid Street3
Marcus & Millichap is pleased to present the opportunity to purchase 1901 North Euclid Street, a fee-simple outparcel to a shopping center in the dense market of Fullerton, California. The offering is a freestanding 6,757-square foot building that was constructed in 1979 on 1.28 acres. The property is located along the entrance to Sunrise Village Shopping Center, which is occupied by Del Taco, Papa Johns, Subway and many local tenants.
This infill Orange County Location is a short walk to local schools that serve approximately 3,460 students and 5 miles to Cal State University Fullerton which has approcimately 40,000 enrollees. There are significant households in the immediate area and limited retail competition with the next closest shopping center over 2.2 miles away.
REDEVELOPMENT POTENTIAL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. Activity ID: Y0130289
1901 North Euclid Street 4
n Redevelopment Potential
n 1.28-Acre Outparcel Located at the Primary Entrance to Sunrise Village Shopping Center
n Seasoned Retail Location: 39-Year Operating History as a National Bank Branch
n Minimal Retail Compeition in the Immediate Area
n Infill Orange County Location
n Strong Demographics: 192,949 Three-Mile Population With an
Average Household Income of $95,706
n Short Walk to Both Sunny Hills High School and Parks Middle School (3,460 Total Students)
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.
1901 North Euclid Street5
PLAT MAP
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. Activity ID: Y0130289
1901 North Euclid Street 6
1901 North Euclid Street7
LOCATION OVERVIEW
10/10GREAT SCHOOLS RATING
for all assigned schools
LIMITED RETAIL COMPETITIONthe nearest retail center is 2.2 miles
from the subject property
30,000CARS PER DAY
approximate traffic volume along North Euclid Street*
Fullerton, California prides itself on an ethnically diverse, highly educated and politically active population. The city is home to California State University, Fullerton, which serves 40,000 students just five miles from the subject property, as well as St. Jude Medical Center, one of Southern California’s most respected and technologically advanced hospitals that offers 700 of the region’s finest physicians. In addition to healthcare and education, Fullerton’s major industries include both high tech and clean manufacturing firms such as Beckman-Coulter, Raytheon-Thales, Hydraflow, Kimberly Clark and Alcoa Fasteners.
Downtown Fullerton has been revitalized over the past decade and flourishes as an entertainment district that unites the community and attracts visitors from all over Orange County. “Fullerton’s historic Downtown Business District is filled with distinctive shops, galleries, small business offices, and restaurants ranging from fast food favorites to five-star gourmet establishments and is served by a free WiFi network. It is home to several live performing arts companies, including the Fullerton Civic Light Opera, and hosts the top live jazz club in Southern California. The Downtown is also home to the award-winning Fullerton Museum Center, which presents year-round fine art, cultural and educational exhibits, plus special concerts and lectures. From April through October, the Museum is the anchor for the popular weekly Fullerton Market that offers fresh produce, crafts, food booths and free live entertainment. The market promotes a strong sense of community by drawing hundreds of individuals and families from throughout the city each week. Plans have been developed for major renovation and expansion of the Fullerton Library, the Seniors’ Center, and the Girls and Boys Club in the Downtown.” - City of Fullerton
* Note: 2012 Traffic volume figures. Copyright 2006-2012 TomTom. All rights reserved. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.. Activity ID: Y0130289
1901 North Euclid Street 8
Rosecrans Avenue
North Euclid Street
1901 North Euclid Street9 © 2013 by Experian, Inc. All Rights Reserved. © 2013 GfK Mediamark Research and Intelligence, LLC. All Rights Reserved. Vintage 2012. © 2013 by Dun and Bradstreet, Inc. All rights reserved. © 2012 Applied Geographic Solutions, Inc. All Rights Reserved. © 2013 Alteryx, Inc. All rights reserved.
GROWING MARKET POPULATION 1 MILE 3 MILES 5 MILES
2021 Projection 11,172 197,318 572,263
2016A Estimate 10,496 192,949 563,602
2010 Census 10,011 183,889 534,468
2000 Census 8,475 172,904 514,035
Growth 2016A - 2021 6.44% 2.26% 1.54%
Growth 2010 - 2016A 4.84% 4.93% 5.45%
Growth 2000 - 2010 18.12% 6.35% 3.97%
INCOME 1 MILE 3 MILES 5 MILES
2021 Projection
Average Household $165,718 $112,595 $102,838
Median Household $115,464 $81,432 $75,701
Per Capita Income $55,614 $37,077 $32,366
2016 Estimate
Average Household $140,375 $95,706 $87,927
Median Household $98,647 $68,234 $64,068
Per Capita Income $47,382 $31,484 $27,658
192,9493-MILE POPULATION
4.93% increase since 2010
$140,375AVERAGE HOUSEHOLD INCOMEwithin one mile of the subject property
6.51% increase since 2010
1901 North Euclid Street 10
POPULATION BY RACE 1 MILE 3 MILES 5 MILES
White 44.39% 50.66% 52.05%
Black 1.33% 2.21% 2.66%
Asian 47.69% 23.38% 18.10%
Native American/Alaskan 0.15% 0.67% 0.81%
Hawaiian/Pacific Islander 0.15% 0.22% 0.29%
Multi-Race 3.58% 4.17% 4.53%
Other 2.72% 18.68% 21.56%
FULLERTON’S TOP EMPLOYERS # EMPLOYEES
1 California State University, Fullerton 3,821
2 St. Jude Medical Center 2,928
3 Raytheon 1,446
4 Fullerton School District 1,286
5 Fullerton College 1,094
6 Fullerton Joint Union High School District 1,078
7 Alcoa Fastening Systems 975
8 Albertsons 800
EXCLUSIVELY LISTED BY