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23302633
23302634

30622 Coast Highway, Laguna Beach, CA 92651 For Sale

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
CT
CA 303918
Marcus & Millichap - San Diego
AA
HI RB22546
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - San Diego, Marcus & Millichap - Orange County
$11,000,000
436 days on market
Updated 12 days ago

TROPHY OPPORTUNITY IN LAGUNA BEACH | SUBSTANTIAL UPSIDE

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 4,387
Cap Rate 3.43%
NOI $377,083
Tenancy Single
Brand/Tenant Ruby's Diner
Lease Type Absolute NNN
Class A
Year Built 1989
Acreage 0.880
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes

Retail | 3.43% CAP | 4,387 SqFt

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310422/rubys-diner

Investment highlights

  • Prime Coastal Location with Exceptional Long-Term Development Potential – High Barriers to Entry - Excellent visibility, heavily traveled corridor, and a generational investment opportunity.

  • Iconic Ruby’s Diner on the Historic Pacific Coast Highway, Laguna Beach, CA - 35 Yr Historical Occupancy - Absolute Net Ground Lease - Rental Increases Every 3 Yrs - Features 2nd Floor Patio Seating.

  • The area is dotted with high-end boutiques and galleries, making it a hotspot for luxury shopping. Visitors can stroll from your location to unique stores featuring fashion, jewelry, and fine art.

  • Densely Populated and Highly Affluent Area: Features an Average Household Income of more than $179k (more than twice the National Average) and over 142k People Residing within a 5-Mile Radius.

  • Laguna Beach, with its stunning coastal views, vibrant art scene, affluent community, and steady stream of tourists, is an ideal spot for any business seeking a unique, upscale location that attracts both locals and international visitors year-round.

  • Directly across from Montage Laguna Beach - a luxury oceanfront resort with stunning coastal views, elegant accommodations, and upscale amenities, offering a serene escape with spa services, gourmet dining, and artful design amid Laguna Beach’s beauty.

  • Just a short drive to Dana Point, Crystal Cove State Park, and Newport Beach, providing visitors with ample day-trip options and making this location an ideal stop along the scenic route.

Listing Contacts

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
CT
CA 303918
Marcus & Millichap - San Diego
AA
HI RB22546
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - San Diego, Marcus & Millichap - Orange County

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$377,083.00
$31,423.58/mo

Valuation Metrics

0
DSCR
3.43%
Cap Rate
3.43%
ROI

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