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4/29/25
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A local investor paid $12.58 mil for North Euclid Shopping Center, a 41.2k sf ($305/sf), former Stater Bros.-anchored shopping center in Fullerton. The property, located at 229-333 North Euclid St, was sold by Kraemer Land Company.
The shopping center is located at the signalized intersection of Euclid St and Chapman Ave, which sees over 55,500 cars per day. The property includes a 21.5k sf former Stater Bros. space, while the remaining shop space is 100% occupied by internet-resistant tenants such as a barber shop, hair salon, several quick-service restaurants, family dentistry, chiropractic office, and H&R Block.
Kevin Fryman, Eric Wohl and Ed Hanley with Hanley Investment Group Real Estate Advisors represented Kraemer Land Company, who had professionally managed the property for 21 years. We’re told that the off-market buyer owns multiple anchored retail properties and had a strong personal interest in acquiring this center because they are based in the area.
According to Fryman, “With several years remaining on the Stater Bros. lease, the buyer has ample time to execute their business plan, including repositioning the property and re-tenanting the former Stater Bros. space.”
Fullerton, located in northern Orange County, is a vibrant city known for its historic downtown, strong education presence, and diverse economic base. The city is home to California State University, Fullerton, which enrolled a record 43,662 students in fall 2024, and serves as a major economic and cultural hub for the region.
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