6% Cap Rate | NNN Leased | Kalaveras Cantina Urbana | Downtown Fullerton Restaurant Investment RRE Real Estate Services is proud to exclusively present 122 E Commonwealth Avenue — a rare, fully stabilized NNN investment in the heart of Downtown Fullerton's premier entertainment district. This property is 100% occupied by Kalaveras Cantina Urbana, one of Southern California's most recognized Mexican restaurant and cantina brands, operating under a 5-year Triple Net lease at $21,250 per month, delivering a 6.0% capitalization rate with zero landlord responsibilities for maintenance, taxes, or insurance. The 3,725 SF building was fully renovated in 2024 and sits on a 6,970 SF lot at a prime location one block west of S Harbor Blvd on E Commonwealth Avenue — the epicenter of Downtown Fullerton's thriving restaurant and nightlife corridor. The property features dramatic Day of the Dead street art and murals, a fully equipped interior bar, a covered outdoor patio with festive string lighting, and an iron-fenced outdoor dining area — creating a destination experience that drives consistent foot traffic, repeat visits, and strong tenant sales volume. Downtown Fullerton is widely regarded as one of Orange County's most dynamic urban districts, drawing visitors from across the region for its concentration of restaurants, craft breweries, wine bars, and live entertainment venues. The property's trade area benefits from over 30,000 vehicles per day on Harbor Blvd, a resident population exceeding 140,000 in the City of Fullerton and 490,000 within a 5-mile radius, and more than 55,000 university students within 2 miles — from Cal State Fullerton (40,000+ students) and Fullerton College (15,000+ students). The Fullerton Metrolink and Amtrak train station is within walking distance, adding commuter and visitor traffic to the already robust demand base. A city-owned surface parking lot is directly adjacent to the rear of the property, providing patrons with ample, convenient, well-lit parking at no cost — a significant competitive advantage in this supply-constrained urban submarket. Additionally, the adjacent property at 120 E Commonwealth Avenue (1,310 SF / $1,850,000) is available for separate or combined purchase, offering a compelling value-add or owner-user opportunity at a combined portfolio price of $6,100,000. KEY FACTS (for bullet section in listings): Asking Price: $4,250,000 | Cap Rate: 6.0% Building: 3,725 SF | Lot: 6,970 SF | Year Built: 1920, Renovated 2024 Lease Type: Triple Net (NNN) | Term: 5 Years Monthly Rent: $21,250 | Annual NOI: $255,000 Tenant: Kalaveras Cantina Urbana (recognized regional brand) Fully renovated 2024 — interior, exterior, patio, bar Downtown Fullerton Entertainment District — corner of Harbor Blvd & Commonwealth 30,000+ vehicles/day on adjacent Harbor Blvd 55,000+ university students within 2 miles City parking lot directly adjacent — no parking constraints Walking distance to Fullerton Metrolink/Amtrak Station Adjacent property also available: 120 E Commonwealth Ave — $1,850,000 Andre Durango, Broker | Lic 01216158 | RRE Real Estate Services | 714.306.1627 | All information deemed reliable but not guaranteed. Portfolio price (both properties): $6,100,000 APN: 033-031-25 | Contact broker for rent roll and financials