Contacts
Property Details
- Property Type Retail
- Lot Size 0.09 SF
- Additional Rent Contact for pricing
- Date Updated Dec 20, 2024
The Snyder Carlton National Net Lease Team is pleased to offer to investors the rare opportunity to purchase a single tenant NNN restaurant in Newport Beach on Pacific Coast Highway. The property is leased to Casablanca the Restaurant in Newport Beach, CA which has been operating business in Costa Mesa and Newport Beach for over 35 years. The lease has over 9 lease years remaining in the primary term with 10% rent increases every 5 years along with 3% annual increases in option periods.
The 2,134 SF building is situated on the hard corner signalized intersection of Orange Street and Pacific Coast Highway which sees over 50,800 VPD. The Irreplaceable real estate is only 130 yards from the sand of world-famous Newport Beach which attracts over 6.9 million visitors annually. Other nearby attractions include Newport Harbor, Balboa Island, Fashion Island (1.5 million SF Premier outdoor mall), Huntington Beach Pier, and John Wayne Airport (SNA). This is a rare opportunity to purchase a long-term STNL legacy investment in Southern California along the iconic Pacific Coast Highway just feet from the sand with rent increases, NNN lease with limited landlord responsibilities and long term upside potential.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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26/100
Walk Score ®
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22/100
Transit Score ®
-
35/100
Bike Score ®
Location
- City Newport Beach, CA
- Neighborhood Newport Coast
- Zip Code 92657
- Market Orange County
Points of Interest
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Irvine
8.28 miles
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Tustin Metrolink Station
9.25 miles
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Tustin
9.26 miles
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Laguna Niguel/Mission Viejo
9.75 miles
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76
2.79 miles
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ChargePoint
3.38 miles
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Chevron
3.94 miles
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Shell
3.96 miles
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Mobil
3.98 miles
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76 Gas + Food Village
4.01 miles
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EV Chargepoint
5.00 miles
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eVgo
6.49 miles
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Irvine - Michelson Drive Supercharger
6.63 miles
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Irvine - Main Street Supercharger
7.45 miles
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Check In Parking
0.09 miles
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Los Trancos Parking;Crystal Cove Parking Shuttle
0.11 miles
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ADA parking
0.12 miles
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Ridge Park Trailhead
3.00 miles
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Newport Beach Park and Ride
3.02 miles
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Dartmoor Street Trail Access
3.15 miles
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Poplar Street Public Access
3.75 miles
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Lot 10
3.99 miles
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Parking Lot 11: Forest/Laguna Canyon Lot
4.01 miles
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Lot 15
4.03 miles
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Beachcomber Café
0.21 miles
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Crystal Cove Shake Shack
0.24 miles
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Javier's Restaurant
0.60 miles
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Settebello Pizzaria Napoletana
0.62 miles
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Bluefin
0.70 miles
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Bear Flag Fish Co
0.71 miles
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Mastro's Ocean club
0.88 miles
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Five Crowns
1.87 miles
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Chronic Tacos
1.98 miles
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Rose Bakery Cafe
2.01 miles
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Trader Joe's
0.83 miles
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Newport Coast® Shopping Center
2.17 miles
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Mothers Market
2.29 miles
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Gelson's
2.69 miles
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Bristol Farms
2.75 miles
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Macy's
3.25 miles
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Neighborhood Goods
3.31 miles
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Whole Foods Market
3.31 miles
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Fashion Island
3.35 miles
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Nordstrom
3.42 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
