5521 Mirage St - Freestanding FOR SALE


Yorba Linda, CA 92887
$6,865,929 USD
323-515-8302
5521 Mirage St, Yorba Linda, CA for Sale
$6,865,929 USD
Freestanding - FOR SALE
1/5
null | 7% Cap Rate

5521 Mirage St
Yorba Linda, CA 92887


HIGHLIGHTS

  • NNN Leased Single-Tenant PetSmart
  • Lease Expiration: 11/30/2029 | Options: 2, 5-Year Options
  • Current Period: Second Renewal Options (Dec 1, 2024 - Nov 30, 2029)

OVERVIEW

Arbor Realty Capital Advisors, Inc. (“Broker”) is pleased to present for sale a single-tenant, NNN-leased PetSmart located at 5521 Mirage Street, Yorba Linda, California (the “Property”). The Property totals 25,497 SF and is strategically positioned at the high-traffic intersection of Yorba Linda Boulevard and Savi Ranch Parkway, which sees more than 60,000 vehicles per day. The asset is part of the greater Savi Ranch district, a 1.35 million square foot master-planned retail and industrial hub featuring over 900,000 SF of retail and 450,000 SF of industrial. Savi Ranch hosts a premier tenant roster including Costco, Home Depot, Best Buy, Dick’s Sporting Goods, Kohl’s, Michaels, Sprouts, Staples, La-Z-Boy, Sephora, and Maserati. The strength of this location is underscored by a regional retail vacancy rate of just 3.8%, highlighting the long-term stability of the trade area. With below market rent and the current lease expiring in November 2029, the Property offers investors stable near-term cash flow with strong upside potential through the execution of a new long-term lease, capturing additional value in this high-demand, supply-constrained market.

FOR SALE DETAILS

PRICE

$6,865,929 USD

PRICE/SF

$269 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.86 AC

LAND SF

124,374 SF

ZONING

-

APN/PARCEL ID

352-112-04

ASK ABOUT THIS PROPERTY

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.