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10892475
10892476

14122 Newport Ave, Tustin, CA 92780

JE
CA CA 01931224
CBRE LA
EM
CA Lic. 01358783
CBRE LA
Listed by CBRE LA
$4,266,667
1143 days on market
Updated 27 days ago

14122 Newport Ave, Tustin, CA

Details
APN 432-073-05
Property Type Retail
Sub Type Auto Shop
Square Footage 6,700
Cap Rate 4.5%
NOI $192,000
Tenancy Single
Brand/Tenant American Tire Depot
Lease Type Absolute NNN
Lease Term 15
Remaining Term 14
Rent Bumps Yes
Lease Options 3 5-year renewal options
Price per SqFt $637
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Long Term NNN Lease | 6,700 SF

Marketing description

About 11 years remaining with an excellent tenant. Whether purchasing the American Tire Depot (“ATD”) portfolio in its entirety or a smaller cluster of retail outlets, this is a rare opportunity to own long term NNN investment properties in excellent trade areas.

Tenant Overview: The company was founded in 1969 and has become a leading automotive service provider in California. Headquartered in Moorpark, California, Big Brand Tire & Service is now the 8th largest independent tire and service operator in the U.S. with over 160 service centers in growing markets.

After a series of recent acquisitions including American Tire Depot, Tire World, Purcell Tire & Service Retail Centers, Integrity Tire, C&R Tire, S&S Tire & Auto Service, 55 Inc., Brian’s Tire and Auto, and Community Tire Pros, Big Brand is looking accelerate its growth even more, continuing to add new locations, enhance customer service and culture for its team members, and invest in scalable digital infrastructure.

Listing Contacts

JE
CA CA 01931224
CBRE LA
EM
CA Lic. 01358783
CBRE LA
Listed by CBRE LA

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$192,000.00
$16,000.00/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

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Additional Information

Name
Jenny Eng
License
CA 01931224
Brokerage
CBRE
Brokerage Phone
8189074606
Title
First Vice President
Brokerage Address
234 South Brand Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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