CONCENTRA & FLAME BROILER

38-40 Centerpointe Dr, La Palma, CA 90623
$6,210,000

Cap Rate
5.65%
Gross SQFT
10,010
Year Built
1986/R 2013
Occupancy
100%
NOI
$350,888
Property Type
Healthcare

INVESTMENT HIGHLIGHTS

  • HIGH-TRAFFIC LOCATION – Positioned along Orangethorpe Avenue, the property benefits from exceptional visibility with over 23,000 vehicles per day.
  • TENANT STABILITY – Concentra has been at the plaza since 2013 and is currently in their first option period, while Flame Broiler has been at the site since 2008, exercising multiple option periods.
  • STRONG TENANCY – Anchored by Concentra Urgent Care, an investment- grade tenant backed by Concentra Group Holdings Parent Inc, who is the largest provider of occupational health services in the United States.
  • SURROUNDED BY MAJOR RETAILERS – Located in a high-demand retail trade area, the property is adjacent to premier national brands, including Chick-fil-A, 7-Eleven, Del Taco, Starbucks, and Chipotle.
  • AFFLUENT CONSUMER BASE – The area boasts a strong population, with over 597,000 people in a 5-mile radius.
  • HANDS OFF INVESTMENT – The property operates under an NNN lease structure, with expenses reimbursed to the landlord, ensuring minimal management responsibilities.

Broker of Record

  • David Harrington
  • License No. 02168060 (CA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 2321 Rosecrans Ave.,
    Suite 1225, El Segundo, CA 90245
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