Newmark Pacific Retail Capital Markets is pleased to present the opportunity to acquire Triangle Square, a 194,241 square foot entertainment center located at the end of the 55 Freeway (96,000 CPD) in Costa Mesa, California. Triangle Square is located at the entrance to the uber affluent and dense Newport Beach trade area. Anchored by a very popular 24-Hour Fitness and a 8-screen movie theatre, the center boasts a high-end roster of restaurants and food uses (Casa de Onda, OJI Sushi, Prince Street Pizza, Westwood Coast, Tavern & Bowl, Cafè Sevilla, and The Yard House), Time Nightclub, and modern spa user ASPIRE Salon Studios.

The tenants cater to an affluent and dense trade area with 340,247 people within 5 miles of the center earning nearly $168,801 annually. The demographics improve even more on the Newport Coast, one of the most affluent pockets in the country. Nearly 15% of the center has been leased since COVID indicating robust interest in the center. Rents are more than 12% below market allowing for a new buyer to grow income by more than over $2.2 million over the next 10 years.