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20001 Brookhurst St Huntington Beach, CA 92646

Sponsored
For Sale
$8,750,000

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

Property size:
3,400 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
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 Features for 20001 Brookhurst St

General Information

Property type
Individual retail properties
Square Feet
3,400 SF
Class
A

Building Details

Year Built
2013
Buildings
1
Stories
1

Property Profile Location Intelligence

Current Use by Public Records

Chase Bank Bank Chase ATM Atm Amazon Locker - Queenie Mailing Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Huntington Beach
County
Orange
State
California
Longitude
-117.9543038
Latitude
33.6721021

FAQs

What type of property is this?
Individual retail property - High-yield Chase Bank NNN ground lease, strong demographics.
Where is this individual retail property located?
The property is located at 20001 Brookhurst St Huntington Beach, CA.
What is the asking price?
The asking price for this property is $8,750,000.
More about this property
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