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Olive Heights Center 804-846 E Lincoln Ave 26,482 SF 91% Leased Retail Building Orange, CA 92865 $8,520,000 ($321.73/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Great NNN Investment Property
Large lot (72,744 SF) for future Redevelopment

Prime Orange County Location

EXECUTIVE SUMMARY

This Multi-tenant retail and office center has a total of 18 tenants with 300 feet of frontage on Lincoln Ave. Located between the 55 and 57 freeway, it has excellent street visibility and accessibility. This center has long term tenants such as Insurance Office, Liquor store, Florist shop, Barber shop, GYM, Sports Bar, Dry Cleaners, Coin Op laundry,
Hair Salon. The Center also has ample 145+ parking spaces in the front and back, and has all AIR CRE NET leases. There are currently 2 vacancies where more value to be added.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Building Size

26,482 SF

Building Class

Year Built/Renovated

1964/2021

Price

$8,520,000

Price Per SF

$321.73

Cap Rate

NOI

$511,000

Percent Leased

91%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.36

Lot Size

1.67 AC

Zoning

Commercial

Parking

100 Spaces (3.78 Spaces per 1,000 SF Leased)

Frontage

300’ on E Lincoln Ave

Pylon Sign

Signage

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
POSITION
AVAILABLE

804
1,002 SF
Retail
-
Now

830
1,233 SF
Retail
In-Line
Now

Space	Size	Space Use	Position	Available
804	1,002 SF	Retail	-	Now
830	1,233 SF	Retail	In-Line	Now

Size

1,002 SF

Space Use

Retail

Position

Available

Now

Size

1,233 SF

Space Use

Retail

Position

In-Line

Available

Now

1 of 1

MAP
TRAFFIC

Walk Score®

Very Walkable (79)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 374-491-05 374-491-08 374-491-07 374-491-04 374-491-06	Improvements Assessment	$954,988
Land Assessment	$3,657,278	Total Assessment	$4,612,266