* 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