105 W Lambert Rd - Storefront FOR SALE


Brea, CA 92821- Brea-Olinda
$4,195,000 USD
714-365-2151
105 W Lambert Rd, Brea, CA for Sale
$4,195,000 USD
Storefront - FOR SALE
1/9
null | 5% Cap Rate

105 W Lambert Rd
Brea, CA 92821
Brea-Olinda


HIGHLIGHTS

  • AUTOZONE ANCHORED RETAIL CENTER | Occupying Brea Plaza since 1980, AutoZone has 10+ years of firm term remaining.
  • HIGH TRAFFIC PRIME LOCATION | Situated on one of Brea's busiest signalized intersections with 67,000+ VPD, offering unmatched tenant visibility.
  • STRONG UPSIDE | Lambert Plaza rents average $32/ft, while market rents exceed $50/ft+, offering significant near-term upside. 2027-2028: 6.02% CAP!!!
  • LANDLORD FRIENDLY NNN LEASES | Tenants operate under NNN leases and reimburse LL for CAM, Property Taxes, Insurance, Admin, etc.
  • IDEAL DEMOGRAPHICS | Surrounded by a robust daytime workforce and upscale residential neighborhoods with high household incomes.
  • NEAR MAJOR RETAILERS AND FREEWAY | Located near Downtown Brea and Brea Mall and the heavily trafficked 57 Freeway with 255K VPD.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$638 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orange County AutoZone Center | 67K+ VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Auto Repair, Fast Food, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

Commercial

APN/PARCEL ID

296-291-42

ASK ABOUT THIS PROPERTY

Jack HopkinsMarcus & MillichapMore Info
714-365-2151

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Jack HopkinsMarcus & MillichapMore Info
714-365-2151

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