
Northpark Village
US - Lubbock, TX
A$15,238,000 | 6,548 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Buena Park Place, a 208,572 square foot, top-performing grocery-anchored shopping center located at 8191-8371 La Palma Avenue in Buena Park, California. The property is optimally located for both vehicle and foot traffic as Buena Park Place serves the northwest portion of Orange County between Cerritos and Anaheim with excellent access from the I-5 and Route 91 freeways, which carry approximately 241,000 VPD and 263,800 VPD, respectively. Additionally, the property is located close to major tourist destinations such as Knott’s Berry Farm and Disneyland which attract 4 million and 18 million visitors per year respectively. At 100% occupied, the center boasts a strong and diverse tenant roster. Current tenants include the fastest growing grocery chain in the US: ALDI, a top performing Kohl’s, PetSmart, ULTA, Planet Fitness, Michael’s, and Chick-Fil-A. With recent city planning initiatives, the property also holds considerable inherent land value as a future multifamily development site.
Top-Performing Grocery Anchored Center
100% Occupied With Credit Tenant Mix
and Daily Needs Tenancy
Large Traffic Counts with Freeway Access
Strong Foot Traffic
Densely Populated and Affluent Community
Strong Surrounding Demand Drivers
19.5 Acres of Land in Prime Orange County
With the Potential for Multi-Family Development
Embedded Value with Potential Redevelopment Opportunity