State-of-the-Art Free-Standing Structure. The Red Dragon Building For Sale (Only building not business) A Rare and Exceptional Investment Opportunity. Impressive CAP rate of 5.6% Long-Term (10) Year Lease Absolute NNN Lease With Annual 3% Increases Full-service bar and restaurant featuring an Ocean View Terrace on the 3rd Floor Contemporary exterior & interior masterfully envisioned by acclaimed Laguna Beach architect Cutting-edge commercial kitchens spanning the 1st and 2nd floors, equipped with the latest culinary technology and a spacious walk-in cooler/freezer Unparalleled Platinum Location in Laguna Beach: 7 min stroll to Main Beach Park, 6 min walk to Downtown, 3 min jaunt to HIP District. Exceptional proximity to designated parking areas, boutiques, eateries, art galleries, and renowned hotels. Boasting a walk score of #96