Listed by Colliers - Los Angeles - Orange County, California
$5,595,000
Commodore Plaza
Details
APN 372-311-01
Property Type Retail
Sub Type Strip Center
Square Footage 9,940
Units 6
Cap Rate 5.53%
NOI $309,432
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options See OM for details
Broker Co-Op Yes
Acreage 0.780
Parking Spaces 4.53 per 1,000 sq ft
Investment Type Net Lease
Retail | 5.53% CAP | 9,940 SqFt
Investment highlights
Rare Orange County Retail Strip Center – 100% Occupancy
- Long Term NNN Leases
- 3 - 4% Annual Rent Increases - Hedge Against Inflation
- WALT Over 5 Yrs Providing Certainty of Long Term Income & Reducing Near Term TI & LC Costs
- Brand New Capital Improvements - New Facade, Landscaping & Exterior Paint
- 6 of 8 HVACs Replaced in Last 3 Years, 5 in the Last 12 Months
- 9,940 SF Strip Center (6-Tenants) on 0.78 Acre Parcel – Apprx. 45 Parking Spaces 4.53 Stalls per 1,000 SF Rare for OC Strip Center Retail
- Doña Meche - 25 years at this Location - Community Staple Restaurant
- La Bodega Market Full Remodel Underway
- Paying Rent Since December 2025 - Anticipated Opening July 2026
Across from The Village at Orange Redevelopment
- Anchored by Walmart, Sprouts, Trade Joes, Home Goods, Ulta, PetSmart, 24 Hour Fitness
- 167 New Townhome-Style Condominiums - Multi-Phase Redevelopment By Integral Communities and Lennar Homes - Site Cleared and Graded
- City of Orange Launched the “Meats to Heim Specific Plan” in January 2026, Establishing the Zoning and Land Use Framework for the Full 63-Acre Site
- Active Leasing Momentum: CAVA and Mr. Moto Pizza Recent Openings with Future 2026 Openings Kura Sushi, Tifa Chocolates & Gelato, and Sourdough & Co.
A+ Location on Tustin Street – Central Orange County
- High Traffic Retail Location - Over 39,600 VPD
- Adjacent to 55 Freeway - Over 230,300 VPD
- Surrounding National Retailers Include Target, Home Depot, Vons, Trader Joe’s, PetSmart, McDonald’s, In-N-Out Burger, Chick-fil-A, Panera Bread, Raising Cane’s, Chipotle, Bank of America, Wells Fargo
- Opposite Orange Villa Shopping Center & Tustin Square - Cross Shopping Synergies
High Income – Densely Populated Trade Area
- Over 468,400 people living within a 5-Mile Radius
- Upscale Population – AHI of $156,400 within a 3-Mile Radius
- Over 27,000 Businesses within a 5-mile Radius and 290,000 Employees
Listing Contacts
Listed by Colliers - Los Angeles - Orange County, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$309,432.00
$25,786.00/mo
Valuation Metrics
0
DSCR
5.53%
Cap Rate
5.53%
ROI
Map
Zoning
C-TR CommercialSpecial CommercialLimited Business Tustin Redevelopment Project Area
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View all 295 uses
View all 295 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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Tax History
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