2013 Newport Blvd
High-visibility Newport Blvd retail investment with 5.50% CAP
Marketing description
2013 Newport Boulevard is a rare opportunity to acquire a fully licensed, single-tenant retail investment in the heart of Costa Mesa, California. The ±3,571 square foot freestanding building is situated on a highly visible signalized corridor along Newport Boulevard with direct exposure to both local and regional traffic flows.
The property features wood-frame construction, a single-story layout, and 16 on-site parking spaces, providing a strong 4.50 parking ratio per 1,000 SF. The site benefits from excellent accessibility to State Route 55, which carries approximately 177,248 vehicles per day, and Newport Boulevard with approximately 10,022 vehicles per day.
Located in Central Costa Mesa, the property is surrounded by dense residential neighborhoods, retail corridors, and major employment centers. It is in close proximity to Triangle Square, Eastside Costa Mesa, Newport Beach, and John Wayne Airport, positioning it within one of Orange County’s most supply-constrained and affluent submarkets.
The building is fully leased and licensed for its current use, offering investors stabilized income in a premier coastal Orange County location
Costa Mesa is one of Orange County’s most dynamic infill retail markets, benefiting from its central coastal location between Newport Beach, Irvine, and Huntington Beach. The city is anchored by major demand drivers including South Coast Plaza, John Wayne Airport, and the Newport Peninsula, while maintaining a strong base of year-round local residents and regional visitors.
Retail supply in Costa Mesa is highly constrained due to limited available land and strict development controls, which enhances the long-term stability and appreciation of well-located single-tenant assets. Properties along Newport Boulevard are particularly desirable due to their connectivity between the coast and inland Orange County, providing both commuter and destination traffic.
Single-tenant retail investments in infill coastal markets like Costa Mesa continue to attract strong investor demand due to their simplicity of ownership, predictable income stream, and long-term land value. Investors benefit from:
Single-tenant retail investments in infill coastal markets like Costa Mesa continue to attract strong investor demand due to their simplicity of ownership, predictable income stream, and long-term land value. Investors benefit from:
This offering provides exposure to a stabilized retail tenant in a prime Orange County location with exceptional traffic visibility and long-term demographic support.
Investment highlights
- ±3,571 SF freestanding retail building
- Fully licensed and operational tenant
- Single-tenant leased investment
- 16 parking spaces (4.50/1,000 SF ratio)
- Wood-frame construction, single-story building
- Excellent exposure along Newport Boulevard
- Immediate access to SR-55 (177,248 cars/day)
- Newport Blvd traffic count: 10,022 cars/day
- Central Costa Mesa location
- Close proximity to Triangle Square, Eastside Costa Mesa, Newport Beach, and John Wayne Airport
- Dense surrounding residential and retail base
- Coastal Orange County infill location
- Strong long-term land and tenant demand
- Passive income with minimal management $228,000 of Annual Net Income years 1-5
- Clear expense structure
- Strong resale liquidity
- Inflation-hedged rent growth with 2% annual increases in years 6-10
- Underlying land value appreciation
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