412-414 Walnut Huntington Beach
Coastal Commercial is pleased to offer for sale 412-414 Walnut Avenue located in the City of Huntington Beach. This historically significant and irreplaceable location consists of a 4,408 square foot two-story building situated on a 3,676 square foot lot. The 2,568 square foot lower unit is currently occupied by 25 Degrees. 25 Degrees is paying $146,376 annually (NNN) with 3% annual increases and their lease term expires on March 31, 2031.
The upper unit consists of an 1,840 square foot office and is occupied by Capital Investment Network, Inc., which is owned and operated by the seller. Upon closing, the seller shall sign a brand new NNN, two-year lease at $90,600 per year.
Investment Sale Details
List Price
$4,840,000
Square Feet (GLA)
4,408
Current Cap Rate
4.75%
- Minimal Management – Absolute NNN Leases
- Historically Significant and Irreplaceable Location – Unique opportunity to purchase a mixed-use asset near the major thoroughfare of Main Street and Pacific Coast Highway
- Dense Population & Affluent Demographics – Over 269,000 people reside within a 5-mile radius of the subject property having an average household income equal to over $159,000 per year Pride of Ownership
- – Pride of ownership asset in one of the premier recreational areas in California. The city is widely known for its beaches, popular surf spots and quaint neighborhoods filled with hometown appea
- High Walk Score of 86 – Walking distance to the Huntington Beach boardwalk and other downtown retailers, restaurants and Pacific City Coastal Luxury Hotels – The Waterfront Beach Resort by Hilton, Paséa Hotel & Spa, Hyatt Huntington Beach Regency, and Kimpton Shorebreak Resort Huntington Beach is Home to Events such as – US Open of Surfing - 800,000+ in Attendance, The Great Pacific Airshow - 2,000,000+ in Attendance and AVP Men & Women’s Pro Volleyball - Since 2000
- Traffic Counts – Traffic counts on Pacific Coast Hwy, approximately 1 block from the subject property equal to over 37,000 vehicles-per-day
- Rooftop Access – Available from the upper office space unity