Description

JLL has been exclusively retained by Ownership to offer qualified investors the exciting opportunity to acquire Newport and Walnut Center (the “Property”), a fully-leased 9,624 square foot strip center located in Tustin, California. The Property is 100% occupied by eight tenants operating under below-market lease terms that average $3.23 per square foot per month, presenting significant upside potential through lease renewals and repositioning to current market rates. Strategically positioned just off the highly trafficked Newport Avenue and Interstate 5 freeway, the Property benefits from exceptional visibility and access that drives strong customer traffic and tenant performance.

The tenant mix comprises sticky, necessity-based businesses with strong resistance to e-commerce disruption, providing stable cash flow from daily-needs services that maintain consistent demand regardless of economic conditions. This combination of stabilized occupancy, below-market in-place rents, and a prime Orange County location creates a compelling value-add investment opportunity with multiple pathways for income growth and value creation through active asset management.

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