128-132 Cabrillo St
Costa Mesa, CA 92627
Retail Property For Sale

RE-POSITIONING OPPORTUNITY • Two of the tenants are currently on a month-to-month term and the other tenant’s lease expires in January of 2019, which allows an investor to re-position the property with higher NNN rents. • The current annual net operating income is equal to $24,048, the proforma income is estimated at $36,000 NNN. EXCELLENT LOCATION The subject property is located just off Newport Blvd which averages over 159,000 vehicles-per-day (Harbor Blvd & Newport Blvd). The 55 freeway which flows into and out of Newport Blvd is approximately 2 miles from the subject property. SURROUNDING RETAIL Mothers Market, Triangle Square (24 Hour Fitness, Starlight Cinemas, The Yard House, etc.), BevMo, The UPS Store, Jimmy John’s, Jamba Juice, Fedex, Road Runner Sports, Dunn Edwards Paints, Vans, Petco, Chevron, 76 Station, O’Reilly Auto Parts, Walgreens, Del Taco, Trader Joe’s, Sit N’ Sleep, Starbucks, Michael’s, PetSmart, Chase Bank, Vons, CVS, and many more. EXCEPTIONAL DEMOGRAPHICS There are approximately 294,345 people who reside within a 5- mile radius from the subject property having an average household income equal to $131,169.