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Hamilton Center 9502-9510 Hamilton Avenue, Huntington Beach, California, 92646

 
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Verified : 2/4/2016 Sold

Hamilton Center 9502-9510 Hamilton Avenue, Huntington Beach, California, 92646

$3,455,000.00   / ForSale

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Property Highlights

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$3,455,000.00
Sale Price:
$3,455,000.00
Price/SF:
Unlisted
CAP Rate (%):
4.5
NOI:
Unlisted
Net Lease:
Unlisted
Gross Leasable Area (SF):
Unlisted
Total Lot Size (SF):
28,750
Occupancy (%):
Unlisted
Population Range:
Unlisted
Household Income:
Unlisted
Traffic Counts:
Unlisted
County:
Unlisted
Zoning:
Unlisted
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
6,800
Net Rental Area:
Unlisted
Number Of Floors:
Unlisted
Number Of Units:
Unlisted
Year Of Build:
Unlisted
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
Unlisted
Parcel Number:
Unlisted
Tenancy Type:
Unlisted
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted
Parking Ratio:
Unlisted
Parking Cost:
Unlisted
Mass Transit:
Unlisted
CAM:
Unlisted
Utilities:
Unlisted
Price Per Acre:
Unlisted
Divisible:
Unlisted
Divisible Min:
Unlisted
Divisible Max:
Unlisted
Property Taxes:
Unlisted

Property Description

Trophy Huntington Beach Location: 100% occupied multi-tenant strip center anchored by 7-Eleven in a high profile Huntington Beach location 1 mile from the ocean Long Term Historical Occupancy: 7-Eleven and Whata Lotta Pizza represent 51% of the square footage and have successfully operated at the subject property since 1987 and 2000, respectively Below Market Rent: 35%-55% below market rent averaging $1.62 NNN compared to market rent of $2.20-$2.50 NNN Early Lease Extension: 7-Eleven is negotiating an early lease extension, speaking to the strength of this location Excellent Tenant Mix: Strong mix of national, regional, and local tenants including 7-Eleven and Whata Lotta Pizza Extremely High Barriers to Entry: Huntington Beach has high barriers to entry due to the low vacancy rate and lack of developable land

Location Description

Signalized Intersection Location: Hamilton Center is located 1 mile from the beach at the signalized intersection of Hamilton Avenue and Bushard Street, benefitting from more than 23,000 cars per day Excellent Accessibility, Identity, and Visibility: 6 points of ingress/egress along Hamilton Avenue and Bushard Street Strong Retail Synergy: Nearby credit tenants include Trader Joe' s, Carl' s Jr., Del Taco, Juice It Up, and Starbucks Affluent Surrounding Area: Average household income of nearly $105,000 within a 1-mile radius Dense In-Fill Location: Population in excess of 336,000 people within a 5-mile radius Situated in a Prime Tourist Destination: Huntington Beach attracts over 11 million visitors annually