For Sale
$2,750,000

1626 Broadway Eureka, CA 95501

High-Yield, Multi-Tenant Storefront in Eureka, CA

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a prime Eureka, CA storefront property located at 1626 and 1628 Broadway (Highway 101). The 11,500 square foot property sits on a 0.73-acre lot and is currently 100% occupied by two strong tenants. A major liquor retailer, Bevmo!, recently renewed their lease for an additional five years, demonstrating their commitment to the location. A top-performing Humboldt County dispensary also signed a new five-year lease. Both leases are NNN (Net, Net, Net), meaning the landlord's responsibility is limited to roof maintenance. Annual rent exceeds $130,000, with built-in escalations ensuring consistent income growth. The property benefits from a highly desirable location, surrounded by established businesses such as O'Reilly Auto Parts, Eureka Natural Foods, Costco, Walgreens, and US Cellular, ensuring high foot traffic and visibility. This multi-tenant storefront offers a compelling opportunity for passive income generation in a thriving Eureka market. The asking price is $2,750,000. The property's strong tenancy, favorable lease terms, and prime location make it an attractive investment prospect.

Highlights

  • $2,750,000 asking price.
  • 11,500 square foot retail storefront.
  • Multi-tenant property with 100% occupancy.
  • Located at 1626 & 1628 Broadway, Eureka, CA (Highway 101).
  • 0.73-acre lot.
  • NNN leases with 5-year terms for both tenants (Bevmo & a Humboldt dispensary).

Property Details for 1626 Broadway

Property type
Retail properties, Retail space
Square Feet
11,500 SF
Lot Size (sq. ft)
31,799 SF

Location Insight

City
Eureka
County
Humboldt
State
California
Latitude
40.7926213
Longitude
-124.1787906

FAQs

What type of property is this?
Retail property - High-Yield, Multi-Tenant Storefront in Eureka, CA
Where is the retail property located?
The property is located at 1626 Broadway Eureka, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: $2,750,000 asking price.; 11,500 square foot retail storefront.; Multi-tenant property with 100% occupancy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1626 Broadway
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