Lee & Associates - Newport Beach is pleased to exclusively offer for sale the leasehold investment 333east located at 333 E 17th St in Costa Mesa, CA. This is a rare generational opportunity to own a well-located retail investment property in one of Orange County’s most coveted retail corridors.
333east features an eclectic mix of twenty-one tenants ranging from retail to service and restaurants. The restaurant offerings include local hotspots Tabu Shabu, Oak & Coal, Tres Muchachos, and the recent addition of Shake Shack which opened its doors for business in May 2024.
The investment opportunity provides the buyer significant upside, as most of the rents are under market relative to other properties on 17th Street. In addition, the rate of increases in the shop leases outpace the ground rent (which increases once every 10 years).
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