562-590 W. 19th St Costa Mesa
Coastal Commercial is pleased to present the sale of the leasehold interest in a 100% occupied, coastal Orange County multi-tenant retail center located in Costa Mesa, CA. The subject property consists of approximately 10,500 SF of retail space situated on approximately 31,120 SF of land. This offering presents a rare opportunity to acquire a high-yield leasehold investment featuring long-term, stable tenants, with several businesses operating at the center for 5 to 10+ years, providing secure income and strong occupancy.
The property is strategically located near major national retailers including In-N-Out Burger, Smart & Final, McDonald’s, Trader Joe’s, Goodwill, AutoZone, BevMo, CVS, and many more. With direct access to the 55 Freeway, 405 Freeway, 73 Toll Road, and Pacific Coast Highway, the property benefits from exceptional connectivity and convenience. The asset features over 240 feet of frontage along 19th Street with traffic counts exceeding 33,000 vehicles per day and is supported by strong demographics, including approximately 158,059 residents within a 3-mile radius with an average household annual income exceeding $180,703. This leasehold opportunity offers investors the ability to acquire a well-positioned coastal retail asset with stable cash flow and long-term upside potential.
Investment Sale Details
List Price
$5,750,000
Square Feet (GLA)
10,500
Current Cap Rate
7.33%
- AFFLUENT DEMOGRAPHICS - There are approximately 158,059 people who live within a 3-mile radius of the subject property having an average household annual income equal to over $180,703.
- HIGH TRAFFIC COUNT - Over 240 feet of frontage along 19th Street, having a traffic count of more than 33,000 vehicles-per-day
- CONVENIENT ACCESS TO FREEWAYS - Direct access to the 55 Freeway, 405 Freeway, 73 Toll Road and Pacific Coast Highway
- FIRST RIGHT OF REFUSAL TO PURCHASE THE LAND - Provides a secure long-term strategy to eventually own the preoptic fee simple
- LOCATED IN A DENSE RETAIL CORRIDOR - Subject property is surrounded by several popular tenants such as In-N-Out Burger, Smart & Final, McDonalds, Trader Joe’s, Goodwill, Autozone, Bevmo, Subway, Bank of America, 24 Hour Fitness, UPS, Little Caesars, CVS and many more.
- FULLY DEPRECIABLE ASSET - Leasehold ownership of the asset allows for the potential to depreciate 100% of the purchase price
- RARE OPPORTUNITY TO OWN A HIGH YIELD INVESTMENT WITH SECURE INCOME - Long-term, stable tenants that have operated at the center for 5 to 10+ years