1825 Katella Avenue, Orange, CA, 92867

1825 Katella Avenue, Orange, CA, 92867 < >
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for sale
$2,788,000
Year Built:1969
Status:Active
MLS #:OC17258721
Date Updated:
For information contact:
Star Real Estate
1-888-887-1897
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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 Mich
Exterior Details
Roof: FlatEntry Level: 1

Community Information
County Or Parish: OrangeDirections: Mid block, near the N Tustin Street and E Katella Ave intersection
MLS Area Major: 72 - Orange & Garden Grove, E of Harbor, N of 22 F

Property Information From MLS Data
Business Type: Auto Parts, Auto Repair-Specialty, Auto ServiceNumber Of Buildings: 1
Property Sub Type: RetailYear Built: 1969

Utilities
Water Source: Public

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Walk Score® for 1825 Katella Avenue
Schools near 1825 Katella Avenue
Listing courtesy of Michael Walseth, Location3 S Corporation

Information obtained from CACRMLS is current as of 1/18/2018 4:04 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.