Sleepy Hollow Partners
Listed by Sleepy Hollow Partners
$11,800,000
NNN Costco Parking Lot 3.272% 25yr $9.31M debt transferable
Details
Property Type Retail, Land
Sub Type Commercial, Garage/Parking
Square Footage 43,821
Cap Rate 4.59%
NOI $541,750
Occupancy 100%
Tenancy Single
Brand/Tenant Costco
Lease Type NNN
Lease Expiration 12/31/2051
Remaining Term 25
Rent Bumps No
Lease Options 2 (5) year options to renew
Class A
Year Built 2021
Acreage 1.010
Zoning Neighborhood Commercial Specific Plan 8
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Sale Condition 1031 exchange
Costco NNN Parking Lot 3.272% Transferable 25 year debt @ $9.31M
Marketing description
Rare opportunity to acquire a stabilized, income-producing parking lot parcel strategically positioned adjacent to one of Orange County's highest-volume Costco Wholesale locations — the premier Tustin Ranch Costco on El Camino Real. This parking lot parcel is secured by a 30-year lease with Costco Wholesale (25+ years remaining), one of the world's most creditworthy tenants, delivering $541,750 in guaranteed annual income. With Costco actively expanding the adjacent store by 15,000 square feet, this parcel becomes even more integral to their long-term operations — reinforcing lease stability and foot traffic for decades to come.
Investment highlights
- 3.272% Transferable 25 year debt @ $9.31M
- $11,800,000 price is for loan transfer scenario ONLY. All cash price still $13,525,000.
- Long-term 30-year Costco lease (25+ years remaining) — investment-grade, corporate-guaranteed income
- Adjacent to one of the busiest Costco locations in Southern California
- Costco expanding store footprint by 15,000 SF — deepening their commitment to this location
- $541,750 annual NNN rent — passive, hands-off cash flow
- Surrounded by dense, high-income residential neighborhoods
- Costco Fuel added to site in 2024; Warehouse expansion currently under construction
Listing Contacts
Sleepy Hollow Partners
Listed by Sleepy Hollow Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$541,750.00
$45,145.83/mo
Valuation Metrics
0
DSCR
4.59%
Cap Rate
4.59%
ROI
Map
Zoning
PC/COM-SP-8 SpecialPlanned Community Commercial Specific Plan East Tustin
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View all 20 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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