NNN Retail Strip
For Sale
Contact for pricing
41 Auto Center Drive, Lake Forest, CA 92610
100% occupied retail strip center on NNN leases with a daily-needs tenant mix in Foothill Ranch.
Property Size32,592 SF
Price / SF$755.98
Days on Market146
Property Features for 41 Auto Center Drive
General Information
Standard status
Active
Size
32,592 SF
Total Parking Spaces
155
Property subtype
Retail
Zoning
PC - Planned Community
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$1,330,512
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
2006
Buildings
2
Tenancy
Multi
Listing Agency:
CBRE - Orange County
Listed By:
Erin Smith · License #CA 02214300
Source:
Crexi
Added: May 28
Changed: Oct 12
Last Checked: Oct 19 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Orange County
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Village is a 32,592 SF, 100% occupied retail strip center with a daily-needs tenant mix operating on NNN leases. The property is positioned to support stable in-place income through its current national and regional tenants.
The Village is located near the CA-241 Toll Road within the retail and residential focused Foothill Ranch of Lake Forest. It sits directly across the street from Foothill Ranch Towne Centre, anchored by Walmart, Target, Hobby Lobby, PetSmart, and a future Costco.
This is a single strip center investment opportunity offering an established tenant roster under NNN lease structure.
The Village is located near the CA-241 Toll Road within the retail and residential focused Foothill Ranch of Lake Forest. It sits directly across the street from Foothill Ranch Towne Centre, anchored by Walmart, Target, Hobby Lobby, PetSmart, and a future Costco.
This is a single strip center investment opportunity offering an established tenant roster under NNN lease structure.
Key Highlights
- 32,592 SF 100% occupied retail strip center in Foothill Ranch (Year Built: 2006).
- All tenants on NNN leases, providing a daily‑needs retail tenant mix.
- Proven daily‑needs lineup with national and regional tenants on long‑term in‑place leases.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$740,501
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,810,020
$14.8M
Cap Rate 7%
$10,578,586
$10.6M
Cap Rate 9%
$8,227,789
$8.2M
Market Conditions
NOI Build-Up for 32,592 SF
Gross rent
$1.10M $33.60/SF
− Vacancy
−$37.2K −$1.14/SF
EGI
$1.06M $32.46/SF
− OpEx
−$317.4K −$9.74/SF
NOI
$740.5K $22.72/SF
Area
Orange County, CA
Vacancy
3.40%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,810,020
Cap Rate 7%
$10,578,586
Cap Rate 9%
$8,227,789
Alternative Uses
Best Use
Retail
$10.58M
$9.26M – $12.34M
NOI $740,501 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.95M
$9.58M – $12.77M
NOI $766,290 @ 7.0% cap · market cap 3.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,729
Businesses Nearby
190k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 22%
Groceries 21%
Hotels & Casinos 4%
Ralphs
Groceries
39,881 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
31,614 visits/mo
0.2 miles
McDonald's
Dining
19,895 visits/mo
0.4 miles
7-Eleven
Shops & Services
16,851 visits/mo
0.4 miles
Mobil
Shops & Services
14,009 visits/mo
0.5 miles
Demographics for 92610, CA
12,545
Population
4,809
Households
2.6
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
3,136
Density / Sq Mi
$181,188
Median Household Income
$82,579
Median Earnings
$3,120
Median Rent
$939,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - 100% occupied retail strip center on NNN leases with a daily-needs tenant mix in Foothill Ranch.
Where is this strip mall located?
The property is located at 41 Auto Center Drive Lake Forest, CA.
What is the asking price?
The asking price for this property is $24,639,000.
What are key features of this property?
This property features: 32,592 SF 100% occupied retail strip center in Foothill Ranch (Year Built: 2006).; All tenants on NNN leases, providing a daily‑needs retail tenant mix.; Proven daily‑needs lineup with national and regional tenants on long‑term in‑place leases.
