512 W 19th St

Investment Highlights

Executive Summary

Lee & Associates ? Newport Beach is pleased to exclusively offer for sale the single tenant net leased investment property located at 512 W 19th St in Costa Mesa, CA currently operating as SOCIAL Kitchen+Craftbar. The property is subject to an under market master lease that is in turn subleased to the operator of SOCIAL.The building is 4,800 sq ft split into two suites, both subject to the master lease. SOCIAL?s restaurant & bar occupies the 3,200 sq ft endcap space and they operate an event space in the adjacent 1,600 sq ft. Following the recent sale of the business, SOCIAL is under new ownership and will soon undergo a substantial renovation.Ideal investment for an investor or exchange buyer looking for an exceptionally well located long-term leased investment with an under market rent.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Storefront Restaurant
• Building Size    4,800
• Building Class    C
• Year Built    1955
• Price    2,725,000
• Price Per SF    568
• Cap Rate    4
• NOI    109,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.39
• Land Acres    0.28 AC

• Monument Signage