16490 Bolsa Chica St Huntington Beach, CA 92649

Property Details for 16490 Bolsa Chica St

Property size

21,387 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

The Promenade Shopping Center, located at 16490 Bolsa Chica St, Huntington Beach, CA 92649, presents a unique investment opportunity in a thriving retail environment. This 21,387 square foot shopping center is situated on a signalized hard corner at the intersection of Bolsa Chica Street (approx. 53,118 average daily traffic) and Heil Ave (approx. 17,404 average daily traffic), ensuring high visibility and accessibility. The center features multiple tenancies, with a minimum divisible space of 925 square feet and a maximum contiguous space of 929 square feet, offering flexibility for various retail and restaurant concepts. The property benefits from its location within a densely populated area, experiencing consistent traffic throughout the day and into the evening, driven by the surrounding residential and commercial activity. Huntington Beach's robust economy, master-planned communities, and high quality of life contribute to its desirability as a retail destination. The city's affluent population, with over 77,500 households and average incomes exceeding $131,000, coupled with a more than 25% growth in home values over the past five years, underscores the strong market fundamentals supporting this property. This is an exceptional opportunity to acquire a well-positioned retail center in one of Southern California's most sought-after locations.