301339 North Harbor Boulevard, La Habra, CA 90631

$4,375,000
List Price
$4,375,000
Status
ACTIVE
MLS#
OC17258744
Year Built
1963
Days on Market
55
Property Type
Commercial
Property Sub Type
Retail

Property Description

SRS National Net Lease Group is pleased to present the rare opportunity to acquire the fee simple interest (land & building) in Big O Tires, an absolute NNN leased, investment property located in the city of Orange, California. The tenant, Big O Tires, LLC has approximately 5 years 5 months remaining on the initial term, with 2 (5-year) option periods to extend. The lease features 9% rental increases every 3 years in the current term and through each option period. The lease is corporate guaranteed by Big O Tires, LLC the second largest tire retailer in North America with nearly 400 independentlyowned and operated locations in 19 states. The lease is absolute NNN with zero landlord responsibilities. The subject site is located near the signalized, hard corner intersection of N. Tustin Street and E Katella Avenue (41,000 cars passing by daily). The asset has excellent visibility & direct on-off ramp access to State Highway 55 (227,000 cars passing by daily). The property is located directly across from the Tuskatella Shopping Center, a 448,000 square foot power center anchored by Smart & Final, TJ Maxx, and CVS Pharmacy. Nearby national/credit tenants that include Michael’s, Petco, Chase Bank, Arco, and more, further increasing consumer traffic and crossover shopping to the trade area. The 5-mile trade area is supported by a dense population of approximately 684,800 with an average household income of over $84,000.

Additional Information

Water
Public

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Listing courtesy of Michael Walseth from Location3 S Corporation

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.