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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.

Data Room Click Here to Access

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
Restaurant
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
240 FT on Birch

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Olive Garden
Banc of California
24 Hour Fitness
Kabuki Japanese Restaurant
Starbucks
California Bank & Trust
Mother's Market & Kitchen
Lucille's Smokehouse Bar-B-Que
Buca Di Beppo
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
319-332-05
Land Assessment
$2,680,505 (2023)
Improvements Assessment
$686,209 (2023)
Total Assessment
$3,366,714 (2023)
  • Listing ID: 29922967

  • Date on Market: 10/30/2023

  • Last Updated:

  • Address: 190 S State College Blvd, Brea, CA 92821

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