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410-420 E 1st St 7,565 SF 100% Leased Retail Building Tustin, CA 92780 $4,960,000 ($655.65/SF) 4.70% Cap Rate
Executive Summary
• Rare Ownership Opportunity: A unique chance to own a prime retail property in the highly desirable City of Tustin.
• Renovations: The exterior building façade was remodeled in 2018-2019, giving the shopping center a modern and attractive look. A new roof was installed in 2022, ensuring long-term durability and reduced maintenance costs.
• NNN Leases: All tenants operate under NNN leases, providing the owner with a stable and predictable income stream. This minimizes management responsibilities and shifts operating expenses to the tenants.
• Diverse and Strong Tenant Mix: The shopping center is home to a vibrant mix of tenants, including Godfather’s Sports Bar, Naan & Kabob Restaurant, Louie’s Barber Shop, WaveMax Laundry, and China Health Spa & Massage. These businesses attract a diverse clientele, ensuring consistent foot traffic.
• Parking: Parking is available in both the front and rear of the shopping center, with additional street parking providing easy access for customers. This enhances the shopping experience and supports tenant businesses.
Please Note: Do not disturb tenants.
• Renovations: The exterior building façade was remodeled in 2018-2019, giving the shopping center a modern and attractive look. A new roof was installed in 2022, ensuring long-term durability and reduced maintenance costs.
• NNN Leases: All tenants operate under NNN leases, providing the owner with a stable and predictable income stream. This minimizes management responsibilities and shifts operating expenses to the tenants.
• Diverse and Strong Tenant Mix: The shopping center is home to a vibrant mix of tenants, including Godfather’s Sports Bar, Naan & Kabob Restaurant, Louie’s Barber Shop, WaveMax Laundry, and China Health Spa & Massage. These businesses attract a diverse clientele, ensuring consistent foot traffic.
• Parking: Parking is available in both the front and rear of the shopping center, with additional street parking providing easy access for customers. This enhances the shopping experience and supports tenant businesses.
Please Note: Do not disturb tenants.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
7,565 SF
Building Class
C
Year Built
1962
Price
$4,960,000
Price Per SF
$655.65
Cap Rate
4.70%
NOI
$233,290
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.40 AC
Zoning
DCCSP
Parking
36 Spaces (5.05 Spaces per 1,000 SF Leased)
Frontage
100’ on 1st
Amenities
- Bus Line
- Dedicated Turn Lane
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 401-591-04 | Improvements Assessment | $651,086 |
| Land Assessment | $2,071,645 | Total Assessment | $2,722,731 |
Property Taxes
Parcel Number
401-591-04
Land Assessment
$2,071,645
Improvements Assessment
$651,086
Total Assessment
$2,722,731
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