Investment Offering
Cypress, CA - Cypress Village
9571 Valley View St | Cypress, CA 90630
$15,347,000
Price5%
Cap Rate$767,363
NOI16,433
± SF Offering GLAInvestment Highlights
SRS Investment Properties Group is pleased to present the rare opportunity to acquire Cypress Village Shopping Center, Orange County’s newest urban dining hub located in Cypress, California. Cypress Village Shopping Center comprises three buildings and includes strong new-concept restaurant users Pieology, 85°C Bakery Cafe, Burger Boss, WaBa Grill, Churned Creamery, and more. Over 93% of the building area consists of restaurant and food-oriented tenants, drawing in customers from the dense surrounding area including the Cypress College student population of over 15,800. Cypress Village Shopping Center underwent a complete redevelopment in 2016, and features an up-to-date facade, prominent pylon signage, and more. The site has no near-term rollover, with all current tenants having at least 5 years or more remaining on their lease terms.
Location
Cypress Village Shopping Center is located at the signalized, hard corner intersection of Orange Avenue and Valley View Street with over 55,900 combined cars per day. The site features over 464 feet of frontage along Valley View Street (41,400 cars per day) and prominent pylon signage, providing significant visibility. Both Orange Avenue and Valley View Street connect Cypress commuters to neighboring Orange County and Los Angeles cities. The site is adjacent to Cypress High School (2,850 students and faculty, 6,500 family members), and directly across from Cypress College with more than 18,900 students and faculty. The restaurant-heavy tenant mix is well suited to serve the student population of the immediate area. The 5-mile trade area features a dense, affluent population, with more than 632,000 residents, 212,000 employees, and average household income exceeding $96,800.
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