SVN Vanguard is pleased to present an outstanding absolute NNN investment strategically located in the heart of Downtown Fullerton. Casa Bonita has 6 years remaining with two additional 5 year option periods. The lease is guaranteed by 2 strong financially backed companies. Fullerton is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. The Casa Bonita Event Center is within walking distance to MetroLink, Fullerton's depot station, within Downtown Fullerton's restaurant over district (ROD), within a C-3 zoned area which provides long term development opportunity for a mixed use project (commercial and residential) and numerous other immediate trade area advantages. The Casa Bonita Event Center will be marketed free and clear of any existing financing creating an opportunity to place creative financing tailored to an investor's desired hold period and risk profile to further enhance returns. The Casa Bonita Event Center is ideally located near the intersection of Harbor Boulevard (44,300 vehicles per day) and Chapman Avenue (35,500 vehicles per day) with a total of over 79,800 vehicles passing the intersection daily. Traditional, linear configuration are conducive to high occupancy, optimal rents and low minimal capital expenditures coupled with recent capital improvements such as the roof and HVAC systems. Located in an area the City of Fullerton has designated as Parking District 1 which allows for a myriad of advantages for a developer to reposition and expand on the properties footprint. Please contact Jon Davis for additional information on Parking District 1.
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