2651-2675 Irvine Ave, Costa Mesa, CA 92627

JLL has been exclusively retained by ownership to present The Ranch at Newport Bay, a 60,014 square foot grocery-anchored shopping center located at the signalized intersection of Irvine Avenue (28,000 VPD) and Mesa Drive (6,400 VPD) on the border of Newport Beach and Costa Mesa. Anchored by Irvine Ranch Market — Orange County’s premier specialty grocer — the property is 99% leased and serves one of the nation’s most affluent trade areas, with average household incomes of $159,570 and a population of 169,273 within a 3-mile radius. The center has generated 825,000 annual visits year to date with 25.4% visit growth over three years, cementing its position as the definitive neighborhood destination for Newport Beach and Eastside Costa Mesa.

The Ranch delivers investors a fully stabilized, grocery-anchored income stream with a contracted path to NOI growth. Embedded lease escalations averaging 3–4% annually drive a 3.80% 10-year NOI CAGR, growing in-place NOI from $2,888,637 to $4,193,950 by Year 10.

The Ranch at Newport Bay represents a rare opportunity to acquire a necessity-based, grocery-anchored asset in a barrier-to-entry coastal submarket with a compelling long-term NOI growth trajectory.