• 18,468 sq.ft.
offered at $4,375,000
Status: Active // Property Type:
County: Orange // Year Built: 1963

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.

Listing Courtesy of Michael Walseth, Location3 S Corporation

  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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