Listed by Hanley Investment Group
$17,350,000
Goodwill and Rove & Gelson's | Costa Mesa, CA
Details
APN 141-361-11
Property Type Retail
Sub Type Storefront
Square Footage 21,117
Net Rentable (SqFt) 21,117
Cap Rate 5.5%
NOI $953,855
Occupancy 100%
Tenancy Multi
Brand/Tenant Goodwill, Rove
Broker Co-Op Yes
Year Built 1965
Year Renovated 2026
Buildings 2
Stories 1
Acreage 2.340
Ground Lease No
Trophy Orange County Net-Leased Investment | New 15-Year Leases | 473,500+ Population within 5 Miles
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Goodwill_Rove_CostaMesa
Investment highlights
- Rare Orange County Net-Leased Investment Opportunity
- Goodwill & Rove EV Charging Stations / Gelson’s Convenience Store:
- Goodwill:
- New 15-year NNN lease
- Goodwill sells donated items in more than 3,300 outlet and retail stores in the U.S. and Canada and online marketplaces
- Rove & Gelson’s:
- New 15-year absolute NNN ground lease; Corporate guaranty (Rove Charging, LLC)
- The subject property features 40 fast charging stalls and includes 28 Tesla Superchargers with V4 dispensers and ReCharge by Gelson’s, a new concept fresh market/convenience store
- Costa Mesa is the second location in the chain, with 3 more locations planned throughout Southern California
- By the end of 2026, Rove will have 4 more locations under construction and 5 in development
- Rove is backed by private equity group Newlight Partners LP; $5+ billion in capital commitments and assets under management
- Goodwill:
- Prime Harbor Boulevard Location, a Primary North/South Thoroughfare (50K CPD) in Costa Mesa: Less than 1.5 Miles from Interstate 405 (324K CPD) and the 55 (138K CPD) Freeways
- Limited Future Competition: Costa Mesa is a supply-constrained, densely populated, infill trade area with limited sites available for future development, creating high barriers to entry
- Significant Daytime Population, Providing a Robust Consumer Base: Adjacent to Orange Coast Community College (20,000 Students); One Mile from the Orange County Fairgrounds (1+ Million Annual Visitors)
- Dense, Affluent Orange County Demographics: 473,500+ people with AHHI’s of $159,000+ within a 5-mile radius of the property (Costa Mesa, Huntington Beach, Irvine, and Newport Beach)
Listing Contacts
Listed by Hanley Investment Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$953,855.00
$79,487.92/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
