613 E Santa Ana Blvd
Santa Ana, CA 92701
Retail Property For Sale

The Roost is a sustainable, adaptive reuse project focusing on serving and entertaining the local community. This mixed-use property is comprised of four separate dynamic structures, including re-purposed cargo containers, a renovated craftsman bungalow duplex, a 1920’s commercial building and a reinvented two-story barn. The property is 100% occupied and is made up of four retail tenants & two residential units. E2 Beauty Salon just signed a brand new five-year lease with options. Most of the other retail tenants have another two years left with fair market value options. Rents are very conservative, which makes this a very rare opportunity, to find a newly built property, with high income, and replaceable rent. This opportunity consists of approximately 6,800 Square feet of gross leasable space on 16,000 square feet of land (0.37 Acres). The property is located on the northeast hard corner of Santa Ana Boulevard & Minter Street. It has great visibility and 15 parking spaces available on site. The tenants are internet proof and focus on the experience this project brings to life. The storefronts at The Roost open toward Santa Ana Boulevard and feature outdoor seating, which helps activate the entire development. The four retail tenants include Dear Lacy, which is a restaurant & beer garden, Scoops Ice Cream shop, Lavender Flowers, and E2 Beauty hair and makeup. There is also a fully remodeled duplex on site. Each structure is surrounded by private outdoor areas to create an inviting atmosphere for the community and residents of The Roost. The decomposed granite parking lot allows for water infiltration as well as a bios-wale garden that will capture rain-fall to filter pollutants. The Roost will give the surrounding residential area a more vibrant, modern and artistic attitude, which an investor will benefit from. Highlights: Award Winning Design - The Project won a SCDF Design Award in 2017 (Southern California Development Forum) High Return and Stability - 5.75% Cap on current income with conservative and replaceable rent Year over Year Population Growth - 332,291 people in a 3 Mile Radius. Surrounded by multiple large apartment communities Excellent Location - This property is walking distance to Downtown Santa Ana and is at the entry way of the Historic French Park neighborhood in the heart of Orange County. The future OC Streetcar will have a stop next to the subject property. This OC Streetcar will increase transportation options and provide greater access along its 4.15-mile route along Santa Ana Boulevard, 4th Street, and the Pacific Electric right-of-way to Harbor Boulevard in Garden Grove Internet Proof – This mixed-use investment property consists of all experience driven retailers, as well as two apartment units.