30622 Coast Hwy Laguna Beach, CA 92651

This exceptional investment opportunity presents a 4,387 square foot Ruby's Diner located at 30622 Coast Hwy, Laguna Beach, CA 92651. The property sits on a 0.88-acre lot and boasts a prime coastal location with exceptional long-term development potential. This Class A, single-tenant, absolute NNN ground lease features a corporate guarantee and rental increases every three years. The 35-year historical occupancy speaks to the strength of this location within a densely populated and highly affluent area, with an average household income exceeding $179,000 and over 142,000 residents within a five-mile radius. Built in 1989, the property includes second-floor patio seating and benefits from excellent visibility on a heavily traveled corridor. Its proximity to high-end boutiques, galleries, and the luxury Montage Laguna Beach resort further enhances its appeal. The asking price is $12,315,000, offering a 3.00% cap rate and a net operating income (NOI) of $369,349. This is a generational investment opportunity in a vibrant, upscale location attracting both locals and tourists year-round, with easy access to Dana Point, Crystal Cove State Park, and Newport Beach.