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512 W 19th StCosta Mesa, CA 92627
512 & 516 W. 19th St
Asset ClassRetail
overview of deal

Overview

Coastal Commercial is pleased to present a rare opportunity to acquire a fee simple interest in a well-located, single-tenant NNN-leased restaurant and bar property in the heart of Costa Mesa, CA. The ±4,800 SF building is split into two functional spaces and sits on a ±12,100 SF lot with 16 on-site parking spaces. The tenant recently signed a new 5-year lease with three 5-year options at fair market value and operates with a full liquor license (Type 47 ABC). The tenant is also marketing the business, including FF&E and liquor license, for $350,000—offering flexibility for either an owner-user or investor.

Situated just off Harbor Boulevard and the 55 Freeway, the property is surrounded by popular retailers and entertainment destinations within Triangle Square, including Yard House, Buffalo Wild Wings, CVS, and 24 Hour Fitness. With long-standing restaurant use, no landlord responsibilities, and above-market returns, this is an ideal investment for passive investors or 1031 exchange buyers seeking a stable, well-located NNN asset.

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Investment Highlights

  • Potential Owner/User Bar & Restaurant Property For Sale
  • Single Tenant NNN with Brand New 5 Year Lease
  • Personally Guaranteed Lease
  • Fee Simple Interest (Land & Building)
  • Tenant, Social, has 10 Years Operating History
  • 16 Parkings Spaces
  • Restaurant with Type 47 ABC License
  • Located just off the Corner of 19th Street and Harbor Boulevard
  • Close Proximity to the 55 Freeway, Newport Boulevard, and Triangle Square
  • Average Household Income over $135,000 within 3-Mile Radius
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512 W 19th StCosta Mesa, CA 92627

Sales Team

Nathan HolthouserPresident

License #: 01838616

949.229.2273nathan@coastalcommercial.com
Rebecca CanalezChief Operating Officer

License #: 01384744

562.522.4885rebecca@coastalcommercial.com
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Listing provided by Revere CRE