Matthews Logo

Navigation Menu

38-40 Centerpointe Dr, La Palma, CA, 90623

CONCENTRA & FLAME BROILER
$6,050,000

Key Information

Cap Rate
5.8%
Tot. SF
10,010
Year Built
1986/R 2013
Type
Healthcare
Occupancy
100%
NOI
$350,888

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.

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245