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5521 Mirage St 25,497 SF 100% Leased Retail Building Yorba Linda, CA 92887 $6,865,929 ($269.28/SF) 7% Cap Rate



Investment Highlights
- NNN Leased Single-Tenant PetSmart
- Current Period: Second Renewal Options (Dec 1, 2024 - Nov 30, 2029)
- Lease Expiration: 11/30/2029 | Options: 2, 5-Year Options
Executive Summary
Arbor Realty Capital Advisors, Inc. (“Broker”) is pleased to present for sale a single-tenant, NNN-leased PetSmart located at 5521 Mirage
Street, Yorba Linda, California (the “Property”).
The Property totals 25,497 SF and is strategically positioned at the high-traffic intersection of Yorba Linda Boulevard and Savi Ranch Parkway, which sees more than 60,000 vehicles per day. The asset is part of the greater Savi Ranch district, a 1.35 million square foot master-planned retail and industrial hub featuring over 900,000 SF of retail and 450,000 SF of industrial. Savi Ranch hosts a premier tenant roster including Costco, Home Depot, Best Buy, Dick’s Sporting Goods, Kohl’s, Michaels, Sprouts, Staples, La-Z-Boy, Sephora, and Maserati. The strength of this location is underscored by a regional retail vacancy rate of just 3.8%, highlighting the long-term stability of the trade area.
With below market rent and the current lease expiring in November 2029, the Property offers investors stable near-term cash flow with strong upside potential through the execution of a new long-term lease, capturing additional value in this high-demand, supply-constrained market.
Street, Yorba Linda, California (the “Property”).
The Property totals 25,497 SF and is strategically positioned at the high-traffic intersection of Yorba Linda Boulevard and Savi Ranch Parkway, which sees more than 60,000 vehicles per day. The asset is part of the greater Savi Ranch district, a 1.35 million square foot master-planned retail and industrial hub featuring over 900,000 SF of retail and 450,000 SF of industrial. Savi Ranch hosts a premier tenant roster including Costco, Home Depot, Best Buy, Dick’s Sporting Goods, Kohl’s, Michaels, Sprouts, Staples, La-Z-Boy, Sephora, and Maserati. The strength of this location is underscored by a regional retail vacancy rate of just 3.8%, highlighting the long-term stability of the trade area.
With below market rent and the current lease expiring in November 2029, the Property offers investors stable near-term cash flow with strong upside potential through the execution of a new long-term lease, capturing additional value in this high-demand, supply-constrained market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,497 SF
Building Class
C
Year Built
1989
Price
$6,865,929
Price Per SF
$269.28
Cap Rate
7%
NOI
$480,615
Percent Leased
100%
Building Height
1 Story
Building FAR
0.21
Lot Size
2.86 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 352-112-04 | Improvements Assessment | $2,704,525 |
| Land Assessment | $3,630,378 | Total Assessment | $6,334,903 |
Property Taxes
Parcel Number
352-112-04
Land Assessment
$3,630,378
Improvements Assessment
$2,704,525
Total Assessment
$6,334,903
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5521 Mirage St
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