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SoCal Restaurant | NNN 234 Forest Ave 2,055 SF Retail Building Laguna Beach, CA 92651 $4,800,000 ($2,335.77/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20 Years Remaining | Long Term Tenancy | New Roof and HVAC Annual Rental Increases
- Located in The Promenade on Forest | Excellent Walkability
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Area | Affluent Consumer Base
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN, Alessa Restaurant investment property located in Laguna Beach, California (Orange County). The tenant has 20 years remaining on its lease and has occupied the site since 2000, demonstrating their commitment to the site. The lease features annual CPI based rental increases, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The tenant is Chef Alessandro Pirozzi, Inc., which operates Alessa and additional Orange County restaurant concepts. The Seller is currently completing various major capital improvements scheduled for completion by late January 2026
(contact agent for details).
(contact agent for details).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
2,055 SF
Year Built
1927
Price
$4,800,000
Price Per SF
$2,335.77
Cap Rate
5.50%
NOI
$264,018
Tenancy
Single
Building Height
1 Story
Building FAR
0.94
Lot Size
0.05 AC
Zoning
CBD2 - Commercial
AMENITIES
- Restaurant
- Signage
Walk Score®
Walker's Paradise (96)
NEARBY MAJOR RETAILERS
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SoCal Restaurant | NNN | 234 Forest Ave
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