The Strip
21028 Brookhurst St.,
Huntington Beach, CA 92646
Six Tenants | All NNN Leases
$5,500,000
Offering Price
$231,269
NOI
4.20%
Cap Rate
$674
Price Per SF
8,158
Building SF
Multiple
Tenancy
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$5,500,000
Offering Price
$231,269
NOI
4.20%
Cap Rate
$674
Price Per SF
8,158
Building SF
Multiple
Tenancy
COMPETITIVE ADVANTAGE
All tenants have been strategically selected for an "Amazon Proof" center, meaning it's 87.6% service and food. The only tenant outside of service and food is HB Velo Cyclery (they sell and service bicycles).
NNN LONG TERM LEASES
Tenant leases range from three to ten years. The two anchor tenants, (Dos Amigo Cantina and Reborn Coffee) signed a ten-year lease.
All leases are NNN.
All tenants paid during Covid lockdowns and no one ask for rent abatement.
Dos Amigos Cantina
Dos Amigos Cantina signed a ten-year NNN lease. Plus, there is a percentage lease component included in the lease. 6% over Natural Breakpoint.
FOR MORE DETAILS CONTACT
John Gessford
Senior Vice President | Principal
(949) 278-6645
jgessford@lee-associates.com
01137479
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