McFadden Public Market - 10-Year NNN Lease 515 N Main St Local commercial 929 m² 100 % Loué À vendre Santa Ana, CA 92701 2 782 257 € (2 994,80 €/m²) Taux de capitalisation 6,50 %

McFadden Public Market | Sale-Leaseback | Food Hall & Entertainment Destination
515 N. Main Street offers investors a rare opportunity to acquire a fully operational food hall and entertainment complex in the heart of Downtown Santa Ana's rapidly evolving urban core. Offered at a 6.5% cap rate on $210,000 NOI, this sale-leaseback transaction provides immediate, stabilized cash flow from the day of closing.
The Asset: ±10,000 SF of income-producing retail space anchored by six distinct food, beverage, and entertainment concepts operating under one roof — creating a true destination experience that drives repeat foot traffic and longer dwell times.
The Concepts: Mongiello's Pizza & Wings brings a full-service pizza and wings kitchen with broad family appeal. Tacompadre delivers authentic Mexican street-food flavor. El Ring Cafe & Breakfast serves the morning and brunch crowd, diversifying daypart revenue. The Twisted Tiki offers a craft cocktail and tropical lounge experience. Mission Control Arcade Bar fuses gaming nostalgia with a full bar, drawing a loyal evening crowd. Queens Lounge rounds out the entertainment mix with a dedicated lounge and nightlife concept. Together, these six operators span breakfast through late night — seven days a week — maximizing the property's revenue potential across all periods of the day.
Sale-Leaseback Structure: The seller will leaseback the property upon close, providing the buyer with a fully occupied, turnkey investment with an operator-tenant who has direct skin in the game.
Location: McFadden Public Market sits in the epicenter of Downtown Santa Ana's resurgent urban district. The property is steps from the Rafferty Apartments, one of Downtown's premier residential developments bringing hundreds of rooftop residents directly to the Market's doorstep. The legendary Taco Los Cholos — a Santa Ana institution — anchors the immediate block, reinforcing the area's established food and culture identity. The surrounding district draws from the Santa Ana Arts District, 4th Street Market corridor, and the Santa Ana Regional Transportation Center (Amtrak/Metrolink), positioning the property at the intersection of residential density, cultural tourism, and transit connectivity.