Toast Kitchen & Bar - Abs NNN - Mall Adjacent | 190 S State College Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Toast Kitchen & Bar - Abs NNN - Mall Adjacent 190 S State College Blvd
10,614 SF Retail Building Brea, CA 92821 $5,980,000 ($563/SF) 5.26% Cap Rate
Investment Highlights
- Trophy Location Brea Mall Hard Corner with 46,000 VPD
- Experienced 8-unit Operator – High Performing Location with Absolute Net Lease
- Adjacent to New Construction 138 Room Residence Inn by Marriott and 653 Unit Avalon Brea Place
- Immediately off the 57 Freeway with over 257,941 VPD
- Large 1.43 AC Lot with 100 Dedicated Parking Spaces
- Apartments Immediate Proximity to Simon Property Brea Mall Redevelopment |380 Apartment Units, Din Tai Fung, Lifetime Fitness, Dick's Sporting Goods
Executive Summary
Graystone Capital Advisors is pleased to exclusively present 190 S College Blvd in Brea, CA. Located at the 46,000 VPD intersection of State College Blvd and Birch Street, the property sits catty-corner to the vibrant Brea Mall. The recently remodeled 10,614 SF Toast Kitchen and Bar features an Absolute NNN lease from an experienced 8-unit operator. The property boasts a large 1.43 AC lot with 100 dedicated parking spaces, access along both State College Blvd and Birch Street, and visibility from the 57 Freeway with 257,941 vehicles passing per day.
The property will further benefits from the planned expansion of The Brea Mall, with Simon Property planning a redevelopment of the 15.5-acre former Sears space. The project will deliver a vibrant mixed-use development consisting of five new commercial buildings for retail and restaurants, a five-story 380-unit market rate with some affordable housing apartments on top of a three-story parking structure, a two-story fitness center, and two outdoor gathering spaces - a plaza and a central green area. Popular tenants initially planned for the expansion include the world-renowned Din Tai Fung, Lifetime Fitness, Dick's Sporting Goods, Zara, and Philz Coffee. More new development immediately bordering the property includes a recently completed 138-room Residence Inn by Marriott and 653 luxury units at the Avalon Brea Place Apartments.
The property will further benefits from the planned expansion of The Brea Mall, with Simon Property planning a redevelopment of the 15.5-acre former Sears space. The project will deliver a vibrant mixed-use development consisting of five new commercial buildings for retail and restaurants, a five-story 380-unit market rate with some affordable housing apartments on top of a three-story parking structure, a two-story fitness center, and two outdoor gathering spaces - a plaza and a central green area. Popular tenants initially planned for the expansion include the world-renowned Din Tai Fung, Lifetime Fitness, Dick's Sporting Goods, Zara, and Philz Coffee. More new development immediately bordering the property includes a recently completed 138-room Residence Inn by Marriott and 653 luxury units at the Avalon Brea Place Apartments.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,614 SF
Building Class
B
Year Built/Renovated
1984/2019
Price
$5,980,000
Price Per SF
$563
Cap Rate
5.26%
NOI
$314,487
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
1.43 AC
Zoning
CG
Parking
100 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Toast Kitchen and Bar
- Accommodation and Food Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Toast Kitchen and Bar | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 319-332-05 | Improvements Assessment | $686,209 (2023) |
Land Assessment | $2,680,505 (2023) | Total Assessment | $3,366,714 (2023) |
PROPERTY TAXES
Parcel Number
319-332-05
Land Assessment
$2,680,505 (2023)
Improvements Assessment
$686,209 (2023)
Total Assessment
$3,366,714 (2023)
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Toast Kitchen & Bar - Abs NNN - Mall Adjacent | 190 S State College Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.