Tustin, California, offers a unique opportunity for investors to capitalize on the city's growing demand for restaurants. With a population of approximately 80,000 residents, Tustin provides a diverse customer base for restaurants to cater to. Restaurants in Tustin can range from casual eateries to fine dining establishments, offering a variety of cuisines to suit different tastes and preferences. The city's infrastructure, including the Tustin Police Department and the Orange County Fire Authority, ensures a safe and secure environment for businesses to operate. Additionally, Tustin's proximity to major transportation hubs, such as the Tustin Metrolink Station and John Wayne Airport, makes it an attractive location for restaurants to serve commuters and travelers. The city's amenities, including the Tustin Area Museum, Marconi Automotive Museum, and Tustin Ranch Golf Course, also provide a unique cultural and recreational atmosphere that can enhance the dining experience.
Tustin's restaurant scene is part of a larger commercial landscape that includes 2 restaurants for sale. The average price per square foot for these restaurants is $1,447 USD, with an average size of 6,158 square feet. The largest restaurant available for sale is 8,104 square feet. Nearby, apartment buildings, shopping centers, specialty properties, and hotels offer complementary services that can support the local restaurant industry. For example, apartment buildings provide a steady stream of potential customers, while shopping centers offer a convenient location for restaurants to serve shoppers. Specialty properties, such as the Marconi Automotive Museum, can attract visitors who may also be interested in dining at local restaurants. Hotels, like those near the John Wayne Airport, can cater to travelers who may be looking for a convenient dining option. Overall, Tustin's diverse commercial landscape provides a unique opportunity for restaurants to thrive in a supportive environment.
What is the average cost per square foot for a restaurant in Tustin?
According to current listings, the average cost per square foot for a restaurant in Tustin is $1,447 USD per square foot, with an average size of 6,158 square feet and a largest size of 8,104 square feet, among 2 available listings.
What factors determine the value of a restaurant for sale in Tustin?
When evaluating the value of a restaurant for sale in Tustin, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Tustin Metrolink Station and John Wayne Airport, as well as accessibility to local amenities like The Market Place and Old Town Tustin, playing a significant role in determining value;
- The restaurant's size, with an average size of 6,158 square feet, and largest size of 8,104 square feet, influencing value, as well as the average price per square foot of $1,447 USD;
- Financial performance, including the average cap rate of 4.88%, which can impact the restaurant's value, as well as the overall demand for restaurants in Tustin, with 2 available listings.
