Multi-Tenant Value-Add Opportunity with Strong Intrinsic Value

Highlights:

• Prime Retail Location: The offering consists of one 1,912 SF singletenant restaurant plus a 6,500 SF multi-tenant strip building. It is strategically located on Newport Avenue, a high-traffic thoroughfare in Tustin, CA ensuring excellent visibility and accessibility for businesses
• Strong Accessibility: The property is conveniently situated near major freeways, including the I-5 and I-55, providing seamless connectivity to surrounding areas and enhancing customer access.
• Value-Add Opportunity with Strong Intrinsic Value: The property currently consists of short-term leases operating at below market rents and on modified gross leases. Investors can add significant value through modernization of the buildings, converting leases to triple-net structure, and improving rents.
• High Foot Traffic: Positioned in a bustling commercial zone, the retail strip center benefits from significant foot traffic, attracting potential customers from nearby residential neighborhoods and businesses.
• Owner-User Potential: The property offers an attractive opportunity for owner-users, allowing for restaurant and/or liquor store owners to own their location with existing permits in place, optimizing income and operational efficiency
• Growth Potential: Tustin’s ongoing development and revitalization initiatives promise future growth, making this investment a strategic choice for capital appreciation and long-term value
• Large Lot with Excellent Access and Visibility: The property spans 38,768 square feet, with access from both Newport Ave. and Mitchell Ave. It benefits from excellent visibility and features a prominent street sign

Documents: