Commodore Plaza | Strip Retail Center | 100% Occupancy

1981 N Tustin St, Orange, CA 92865

Property Information

  • For Sale $5,595,000
  • Property Type Retail
  • Lot Size 0.78 SF
  • Date Updated May 12, 2026

Description

Rare Orange County Retail Strip Center – 100% Occupancy 

  • Long Term NNN Leases 
  • 3 - 4% Annual Rent Increases - Hedge Against Inflation 
  • WALT Over 5 Yrs Providing Certainty of Long Term Income & Reducing Near Term TI & LC Costs
  • Brand New Capital Improvements - New Facade, Landscaping & Exterior Paint
  • 6 of 8 HVACs Replaced in Last 3 Years, 5 in the Last 12 Months
  • 9,940 SF Strip Center (6-Tenants) on 0.78 Acre Parcel – Apprx. 45 Parking Spaces 4.53 Stalls per 1,000 SF Rare for OC Strip Center Retail
  • Doña Meche - 25 years at this Location - Community Staple Restaurant
  • La Bodega Market Full Remodel Underway Including Grease Hood and Interceptor Paying Rent Since December 2025 - Anticipated Opening July 2026

Across from The Village at Orange Redevelopment 

  • Anchored by Walmart, Sprouts, Trade Joes, Home Goods, Ulta, PetSmart, 24 Hour Fitness
  • 167 New Townhome-Style Condominiums - Multi-Phase Redevelopment By Integral Communities and Lennar Homes - Site Cleared and Graded
  • City of Orange Launched the “Meats to Heim Specific Plan” in January 2026, Establishing the Zoning and Land Use Framework for the Full 63-Acre Site
  • Active Leasing Momentum: CAVA and Mr. Moto Pizza Recent Openings with Future 2026 Openings Kura Sushi, Tifa Chocolates & Gelato, and Sourdough & Co.

A+ Location on Tustin Street – Central Orange County

  • High Traffic Retail Location - Over 39,600 VPD 
  • Adjacent to 55 Freeway - Over 230,300 VPD 
  • Surrounding National Retailers Include Target, Home Depot, Vons, Trader Joe’s, PetSmart, McDonald’s, In-N-Out Burger, Chick-fil-A, Panera Bread, Raising Cane’s,   Chipotle, Bank of America, Wells Fargo   
  • Opposite Orange Villa Shopping Center & Tustin Square - Cross Shopping Synergies

High Income – Densely Populated Trade Area

  • Over 468,400 people living within a 5-Mile Radius 
  • Upscale Population – AHI of $156,400 within a 3-Mile Radius
  • Over 27,000 Businesses within a 5-mile Radius and 290,000 Employees

Available

Contacts

Jereme Snyder

Colliers

Eric Carlton

Colliers

Location

Contact Commodore Plaza | Strip Retail Center | 100% Occupancy
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