Investment Opportunity: Multi-Tenant Property in Costa Mesa

In the thriving market of Costa Mesa, a strategically located multi-tenant property spanning 21,117 square feet is now available for sale, priced at $18.17 million. This property, featuring a newly renovated Goodwill thrift store and a Rove electric vehicle (EV) charging station, presents a unique investment opportunity. Situated less than 1.5 miles from Interstate 405, this property is well-positioned for visibility and accessibility, catering to both local residents and commuters.

Key Features and Tenants

The property at 2666 Harbor Blvd showcases new 15-year leases with both its primary tenants. Goodwill of Orange County, a well-known nonprofit retailer operating over 3,300 locations across North America, occupies a significant portion of the space. The renovation completed in 2025 enhances the tenant’s appeal and operational efficiency. Rove Charging LLC, supported by the prominent private equity firm Newlight Partners, also occupies part of the premises. Notably, this company has over $5 billion in capital commitments, enhancing financial stability for investors.

Rove Charging Center: A Modern Concept

Rove’s approach combines convenience and sustainability, featuring a 24-hour lounge equipped with restrooms and Wi-Fi services, along with eco-friendly car wash options at some locations. Further enriching the facility, Gelson’s ReCharge store offers a curated selection of groceries and prepared foods designed not only for customers charging their vehicles but also for the surrounding community. The partnership with Gelson’s was solidified in September 2023, with plans to establish 20 charging centers by 2026, making the Costa Mesa site part of an expanding network.

Cutting-Edge EV Infrastructure

This property includes advanced features, such as 40 fast-charging stalls and 28 Tesla Superchargers equipped with V4 dispensers. Rove’s unique fresh market and convenience store concept aims to elevate the overall customer experience, highlighting a growing demand for EV infrastructure. Having already launched its first full-service charging center in nearby Santa Ana, Rove’s plans include additional locations under construction and in development, ensuring robust future growth potential.

Prime Location and Market Demand

Strategically located at the intersection of Harbor Boulevard and Peterson Place, this property enjoys proximity to key local attractions, including Orange Coast College, which enrolls approximately 20,000 students. With the Orange County Fairgrounds nearby drawing over one million visitors annually, the property is positioned within a vibrant community. The area boasts a population of 473,500 residents within a five-mile radius, featuring an impressive average household income exceeding $159,000, indicating strong market demand.

Retail Market Landscape

The Costa Mesa property is situated in a supply-constrained market, characterized by limited options for future retail development. This factor serves as a major barrier to entry for potential competitors, providing an additional layer of security for investors. Harbor Boulevard generates significant daily traffic counts, exceeding 50,000 vehicles, further enhancing the property’s visibility at a highly trafficked location. Bryan Asher and Ed Hanley from Hanley Investment Group, who are responsible for this exclusive listing, emphasize that despite a slight uptick in the vacancy rate to 3.4% in the third quarter of 2025, the Orange County retail market remains robust.

Conclusion: A Strategic Investment

Investing in this multi-tenant property not only offers a reasonable capitalization rate of 5.25% but also secures potential future revenue streams from renowned businesses. The combination of established tenants, innovative retail concepts, and a highly trafficked location makes this property a compelling opportunity for investors seeking to capitalize on the growing demand for mixed-use spaces in Nevada. As the retail landscape continues to evolve with more emphasis on sustainability and convenience, this Costa Mesa property stands at the forefront of this transition.

In summary, the opportunity to acquire this property in Costa Mesa presents investors with a strategically located, income-generating asset backed by established entities like Goodwill and Rove. With continued expansion plans and significant local demographics, this investment aligns well with the growing trends in the retail market. Don’t miss out on the chance to own a piece of this vibrant community!