For Sale
$8,750,000

20001 Brookhurst StHuntington Beach, CA 92646

High-yield Chase Bank NNN ground lease, strong demographics.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 3,400 square foot Chase Bank located at 20001 Brookhurst St, Huntington Beach, CA 92646. The property boasts a strong 4.01% cap rate and a substantial net operating income (NOI) of $350,900. The absolute NNN ground lease with Chase Bank, a credit-rated tenant, provides significant long-term security and stability. The lease commenced June 3, 2013, and has a remaining term of 8.6 years, with two 5-year options and one 4-year 11-month option remaining. Rent increases by 10% every 5 years, ensuring consistent income growth. The property is situated on a 25,404 square foot lot in a high-traffic retail corridor, with a convenient location near Target, Kohl's, Stater Bros, and Whole Foods. The surrounding area exhibits excellent demographics, including a high average household income ($142,214 within 1 mile) and a significant percentage of homeowners (84% within 1 mile). The property features one single-story building constructed in 2013 and is zoned for Commercial General use. Parking is readily available, with 5.58 spaces per 1,000 square feet. The asking price is $8,750,000, translating to a price per square foot of $2,573.53. This is a rare opportunity to acquire a high-quality, net-leased property with a blue-chip tenant in a prime Huntington Beach location. The ground lease expires June 30, 2033.

Property Details for 20001 Brookhurst St

Property type
Retail properties, Banks
Square Feet
3,400 SF
Class
A
Year Built
2013
Buildings
1
Stories
1

Location Insight

City
Huntington Beach
County
Orange
State
California
Latitude
33.6721021
Longitude
-117.9543038
20001 Brookhurst St, Huntington Beach, California

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20001 Brookhurst St
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