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Shops at Main Beach 276 S Coast Hwy 4,050 SF 84% Leased Retail Building Laguna Beach, CA 92651 $10,462,421 CAD ($2,583.31 CAD/SF) 2.37% Cap Rate
INVESTMENT HIGHLIGHTS
- Generational Opportunity – The Shops at Main Street is an iconoclastic downtown Laguna Beach investment opportunity with unsurpassed street frontage
- Upside Opportunity – The Shops at Main Beach has one current vacancy for 660 SF (16% of the total GLA) and available for immediate lease
- Pride of Ownership – Extremely desirable, street-front location with excellent visibility along PCH
- Stable Cash Flow – Better Buzz just signed a brand new 10-year lease, Toes on the Nose operated this location as its flagship location for +25 years
- Robust NOI Growth – NOI should grow over $250,000 (141%) over the expected 10-year hold period
EXECUTIVE SUMMARY
* Generational Opportunity – The Shops at Main Street is an iconoclastic downtown Laguna Beach investment opportunity with unsurpassed street frontage along Pacific Coast Highway (SR-1) at Forest Ave and surrounded by a wide variety of restaurants, retail boutiques, upscale hotels, 5-star resorts, emblematic art galleries, and famed beaches
* Stable Cash Flow – Better Buzz just signed a brand new 10-year lease, and co-tenant Toes on the Nose operated this location as its flagship location for +25 years demonstrating the tenant’s commitment to the trade area and desirability of the location for retail and restaurant tenants
* Upside Opportunity – The Shops at Main Beach has one current vacancy for 660 SF (16% of the total GLA) and available for immediate lease. Alos, the Toes on the Nose is currently month-to-month and currently paying significantly below market rent allowing a buyer to renegotiate or reposition the property
* Robust NOI Growth – Through the lease up of available space, resetting of below market rents, and embedded rental increase, the NOI should grow over $250,000 (141%) over the expected 10-year hold period
* Pride of Ownership – Extremely desirable, street-front location with excellent visibility along PCH, this “Main Beach” location and has always been and will continue to be the premier destination for tourists and locales to gather in Laguna Beach
* Stable Cash Flow – Better Buzz just signed a brand new 10-year lease, and co-tenant Toes on the Nose operated this location as its flagship location for +25 years demonstrating the tenant’s commitment to the trade area and desirability of the location for retail and restaurant tenants
* Upside Opportunity – The Shops at Main Beach has one current vacancy for 660 SF (16% of the total GLA) and available for immediate lease. Alos, the Toes on the Nose is currently month-to-month and currently paying significantly below market rent allowing a buyer to renegotiate or reposition the property
* Robust NOI Growth – Through the lease up of available space, resetting of below market rents, and embedded rental increase, the NOI should grow over $250,000 (141%) over the expected 10-year hold period
* Pride of Ownership – Extremely desirable, street-front location with excellent visibility along PCH, this “Main Beach” location and has always been and will continue to be the premier destination for tourists and locales to gather in Laguna Beach
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
4,050 SF
Building Class
B
Year Built/Renovated
1948/2025
Price
$10,462,421 CAD
Price Per SF
$2,583.31 CAD
Cap Rate
2.37%
NOI
$248,369 CAD
Percent Leased
84%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.62
Lot Size
0.15 AC
Zoning
CBDV - Central Business District
Parking
7 Spaces (1.73 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 641-253-18 | Improvements Assessment | $805,732 CAD |
| Land Assessment | $788,662 CAD | Total Assessment | $1,594,394 CAD |
PROPERTY TAXES
Parcel Number
641-253-18
Land Assessment
$788,662 CAD
Improvements Assessment
$805,732 CAD
Total Assessment
$1,594,394 CAD
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Shops at Main Beach | 276 S Coast Hwy
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