Prime Orange County Retail Center anchored by AutoZone with Low Rent and Significant Upside Potential! Offered for sale for the first time in nearly 20 years, Brea Plaza is a 100% occupied 6,576 square foot multi-tenant retail center strategically located at the signalized intersection of Lambert Road and North Brea Boulevard (67,000 VPD), two of Brea’s busiest commercial corridors. Significant upside potential in 2027 providing a near term proforma of 6.02% CAP!!!
The center is home to four strong-performing tenants, all operating under NNN leases paying below market rent. AutoZone (NYSE: AZO), a long-term anchor tenant since 1980, has an additional 10 years left of firm term providing long term stability for any investor. The other tenants include Poki Monster, Vape Avenue, and La Carniceria Wagyu who established their leases during the height of the COVID-19 pandemic, underscoring the strength and resilience of the retail trade area. These tenants currently maintain successful operations, evidenced by consistent customer traffic and high online ratings.
With Brea Plaza rents averaging $31.88/ft, whereas the market is $50/ft+, investors have the opportunity for substantial upside as leases approach expiration. Notably, there are multiple tenants with upcoming expirations in 2026 and 2027 and no remaining options allowing an investor a proforma return of 6.02% by 2027 simply by raising rents to market! Brea Plaza provides an ideal investment opportunity, offering tenants a prime location on one of Orange County's busiest thoroughfares, combined with the advantage of attractively sized, cost-efficient suites.