Listed by Lee & Associates - Newport Beach
$4,860,000
658 N Tustin St
Details
APN 386-191-04
Property Type Retail
Sub Type Shopping Center
Square Footage 9,980
Cap Rate 5.75%
NOI $279,546
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 3
Price per SqFt $487
Year Built 1961
Stories 1
Acreage 0.600
Zoning C-1
Parking Spaces 32 spaces
Parking Per SqFt 3.21
Retail | 5.75% CAP | 9,980 SqFt
Marketing description
658 North Tustin Street consisting of approximatey
9,980 square feet, This single story retail building is
100% leased to BMD and is located in the prestegious
city of Orange.
Investment highlights
- 658 N Tustin Street presents a compelling opportunity to acquire a single-tenant, net-leased retail investment in the heart of Orange County. The 9,980 square foot property is 100% leased to BMD Material Distributors, Inc. through April 30, 2028, offering investors stable, in-place cash flow backed by an established building materials distributor.
- The asset is offered at $4,860,000, representing a 5.75% cap rate on current NOI of $279,546 and approximately $487 per square foot, providing an attractive basis in a high-demand infill market
- Lease Term & Reversion Opportunity. While the current lease has approximately three (3) years remaining, Lightsytes’ 20+ year occupancy and history of extensions demonstrate strong tenant commitment to the location. The remaining term provides secure in-place income, coupled with a compelling opportunity to mark rents to market or structure a new long-term lease at expiration.
- Strategically positioned along North Tustin Street, the property benefits from excellent visibility with 138 feet of frontage and strong traffic patterns, supporting long-term tenant performance and residual real estate value . The site is located within the desirable East Orange submarket, with convenient access to major transportation corridors and surrounding dense population centers.
- Situated on a 0.60-acre parcel zoned C-1 (Neighborhood Commercial), the property offers both functional utility and long-term upside potential. The combination of secure in-place income, a proven tenant, and strong Orange County fundamentals makes this an ideal investment for buyers seeking passive cash flow with future appreciation.
Listing Contacts
Listed by Lee & Associates - Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$279,546.00
$23,295.50/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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