17020 Magnolia St Fountain Valley, CA 92708-3204

This exceptional 61,540 square foot multi-tenant retail property, located in Fountain Valley, California (Orange County), presents a compelling investment opportunity. Situated at 17020 and 17150 Magnolia St, zip code 92708, this grocery-anchored center boasts a strong 97.7% occupancy rate and a substantial Net Operating Income (NOI) of $1,519,276. The property, zoned C1 - Local Business, sits on a 253,954 square foot lot and includes 310 parking spaces. Originally built in 1974, the center underwent significant renovations between 2019 and 2024, including new building facades, painting, asphalt and parking lot improvements, signage upgrades, roof replacement, and exterior painting. Key tenants include Aldi, CVS, US Bank, Goodwill, and several smaller shops. The property benefits from high visibility and traffic counts, situated near the intersection of Magnolia Street, Warner Avenue, and the 405 Freeway, providing excellent access and exposure. This irreplaceable freeway-adjacent location, coupled with a diverse tenant roster and ongoing property upgrades, ensures a resilient and high-performing investment. The property's strong leasing activity further underscores its strength and potential for NOI growth within a dense, affluent population area.