Newport 17th Plaza 3 biens | Local commercial | À vendre | 14 545 252 € | Costa Mesa, CA

* Truly Irreplaceable Retail Center – Rare wholly-owned multi-tenant retail center on THE hard-corner signalized intersection in the heart of coastal Newport Beach/Costa Mesa, featuring a Chase Bank drive-thru pad along with a complementary mix of national, regional, and local food-and-beverage, service and specialty retail tenants

* THE Dominant Location for Retail – 100% location at the intersection of 17th St, Newport Blvd, and Superior Ave (150,000+ CPD!), THE intersection in the primary retail and commercial corridor serving the Newport Beach/Costa Mesa area - Orange County’s premier retail submarket, supported by highly affluent and dense coastal demographics

* Highly Synergistic and Proven Tenant Mix – With its 100% occupancy including Chase Bank, The Butchery, Just Food For Dogs, LightStyles+Builders Source Appliance Gallery, Lantern Café, Yuzu Sushi, and Ketcham Tackle, Newport 17th Plaza’s curated tenancy is proven to be synergistic, stable, and optimal to serve this affluent trade area

* Investment Grade Credit and Publicly Traded Pad Tenant – Chase Bank, which has operated at this location since 2013 (~13 years), ranks in the top 27% in the chain per Placer.ai, and has approximately $245M in deposits

* Dominant High-Traffic Intersection – Premier location at the signalized intersection of three streets, Newport Blvd (±93,000 CPD), 17th St (±35,000 CPD), and Superior Ave (±21,000 CPD), just minutes from the 55 Freeway (±151,000 CPD) and 73 Freeway (±190,000 CPD)

* Long-Term Ground Lease Duration – Newport 17th Plaza is subject to a long-term ground lease expiring in 2058, with 1, 20-year option to extend through 2078 for a total remaining term of over 52 years