122 E Commonwealth Ave 3,725 SF Retail Building Fullerton, CA 92832 $4,250,000 ($1,140.94/SF) 6% Cap Rate

6% Cap Rate | NNN Leased | Kalaveras Cantina Urbana | Downtown Fullerton Restaurant Investment
RRE Real Estate Services is proud to exclusively present 122 E Commonwealth Avenue — a rare, fully stabilized NNN
investment in the heart of Downtown Fullerton's premier entertainment district. This property is 100% occupied by Kalaveras
Cantina Urbana, one of Southern California's most recognized Mexican restaurant and cantina brands, operating under a
5-year Triple Net lease at $21,250 per month, delivering a 6.0% capitalization rate with zero landlord responsibilities for
maintenance, taxes, or insurance.
The 3,725 SF building was fully renovated in 2024 and sits on a 6,970 SF lot at a prime location one block west of S Harbor
Blvd on E Commonwealth Avenue — the epicenter of Downtown Fullerton's thriving restaurant and nightlife corridor. The
property features dramatic Day of the Dead street art and murals, a fully equipped interior bar, a covered outdoor patio with
festive string lighting, and an iron-fenced outdoor dining area — creating a destination experience that drives consistent foot
traffic, repeat visits, and strong tenant sales volume.
Downtown Fullerton is widely regarded as one of Orange County's most dynamic urban districts, drawing visitors from across
the region for its concentration of restaurants, craft breweries, wine bars, and live entertainment venues. The property's trade
area benefits from over 30,000 vehicles per day on Harbor Blvd, a resident population exceeding 140,000 in the City of
Fullerton and 490,000 within a 5-mile radius, and more than 55,000 university students within 2 miles — from Cal State
Fullerton (40,000+ students) and Fullerton College (15,000+ students). The Fullerton Metrolink and Amtrak train station is
within walking distance, adding commuter and visitor traffic to the already robust demand base.
A city-owned surface parking lot is directly adjacent to the rear of the property, providing patrons with ample, convenient,
well-lit parking at no cost — a significant competitive advantage in this supply-constrained urban submarket.
Additionally, the adjacent property at 120 E Commonwealth Avenue (1,310 SF / $1,850,000) is available for separate or
combined purchase, offering a compelling value-add or owner-user opportunity at a combined portfolio price of $6,100,000.
KEY FACTS (for bullet section in listings):
? Asking Price: $4,250,000 | Cap Rate: 6.0%
? Building: 3,725 SF | Lot: 6,970 SF | Year Built: 1920, Renovated 2024
? Lease Type: Triple Net (NNN) | Term: 5 Years
? Monthly Rent: $21,250 | Annual NOI: $255,000
? Tenant: Kalaveras Cantina Urbana (recognized regional brand)
? Fully renovated 2024 — interior, exterior, patio, bar
? Downtown Fullerton Entertainment District — corner of Harbor Blvd & Commonwealth
? 30,000+ vehicles/day on adjacent Harbor Blvd
? 55,000+ university students within 2 miles
? City parking lot directly adjacent — no parking constraints
? Walking distance to Fullerton Metrolink/Amtrak Station
? Adjacent property also available: 120 E Commonwealth Ave — $1,850,000
Andre Durango, Broker | Lic 01216158 | RRE Real Estate Services | 714.306.1627 | All information deemed reliable but not guaranteed.
? Portfolio price (both properties): $6,100,000
? APN: 033-031-25 | Contact broker for rent roll and financials