Welcome to 218 W Commonwealth Avenue, a rare opportunity to acquire a freestanding ±3,369 square foot retail/restaurant building in the heart of Downtown Fullerton, one of Orange County’s most dynamic urban centers.

Strategically located on a high-visibility corner lot, this property offers exceptional storefront exposure and pedestrian traffic, just steps from the Fullerton Transportation Center—a major transit hub with Amtrak, Metrolink, and bus service. The property benefits from strong vehicular visibility on Commonwealth Avenue and proximity to a vibrant mix of retail, dining, nightlife, and cultural destinations.

Key Features:

• Building Size: ±3,369 SF

• Lot Size: ±0.48 Acres

• Parking: 13 dedicated spaces (3.81 spaces per 1,000 SF ratio)

• Zoning: C3-ROD (Restaurant Overlay District)

• Year Built: 1948 (masonry construction)

• Number of Buildings: Two (2)

• APN: 032-241-05

The property is currently configured as a single-tenant space and is leased to Centinela Feed & Pet Supplies, a well-established Southern California retailer. The lease is structured as NNN (Triple Net) with predictable escalations and two 5-year renewal options, making this a stable investment opportunity for buyers seeking passive income in a supply-constrained retail market.

Investment Highlights:

• Offering Price: $4,900,000

• Price per SF: $413.82

• Current NOI: $209,100

• CAP Rate: 4.27%

• Strong Credit Tenant: Centinela Feed operates 14 locations and generates up to $100M in annual revenue

• Lease Terms: Through August 2027 with 2 extension options (5 years each)

Market Advantages:

Fullerton is a well-connected North Orange County city, known for its diverse economy, thriving downtown, and proximity to major freeways (I-5, 91, and 57). The city hosts California State University, Fullerton (CSUF), and benefits from a strong daytime and residential population, enhancing the appeal of this location for both investors and operators.

This property is ideal for 1031 exchange investors, owner-users, or those looking to secure a high-performing commercial asset in a low-vacancy, high-demand submarket of Southern California.

Contact Mark Larson at Lee & Associates – Orange to schedule a tour or request additional financials and lease abstracts.