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2601 W Coast Hwy
Newport Beach, CA 92663

Pizza Nova · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
3,080 SF
Building Class
C
Year Built/Renovated
1968/2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.28 AC
Zoning
N/Av, Newport Beach
Parking
14 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
50 FT on W Coast Hwy

Amenities

  • Bus Line
  • Signage

About 2601 W Coast Hwy , Newport Beach, CA 92663

Pizza Nova has been serving up wood-fired pizza, pasta and salad in Southern California for more than 25 years. Newport Beach is their fourth location and joins their three original locations in Solana Beach, Point Loma and San Marco in the greater San Diego area. There are 7 years remaining on the initial 10-year NNN lease. The tenant has 2 5-year renewal options. The rent increases 3% annually throughout the term of the lease and options. This free-standing waterfront restaurant building is comprised of approximately 3,080 sq ft and underwent a major renovation by the tenant in 2014. The dock was also renovated to handle up to a 145' boat. The property carries a rare free-standing pylon sign. The large dock is part of the leased premises and offers locals the ability to arrive or takeout by boat. Pizza Nova makes the parking simple for its customers by offering exclusive valet service. Contact broker for marketing package. Lee & Associates - Newport Beach is pleased to exclusively offer for sale the absolute NNN leased Pizza Nova restaurant property located at 2601 West Coast Highway on Mariner' s Mile in Newport Beach, California. The entrance to the property is located at the signalized intersection of West Coast Highway and Tustin Avenue. Mariner' s Mile is a hot Newport Beach dining destination with local favorites such as The Ritz Prime Seafood, Billy' s at the Beach, The Winery, Rusty Pelican and Joe' s Crabshack.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
049-150-05
Land Assessment
$5,577,596
Improvements Assessment
$836,637
Total Assessment
$6,414,233
  • Listing ID: 3717799

  • Date on Market: 9/24/2016

  • Last Updated:

  • Address: 2601 W Coast Hwy, Newport Beach, CA 92663

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