OFFERING PRICE:

$7,540,000


OCCUPANCY:
94%
FEATURED LISTING:
PROMENADE SHOPPING CENTER
16446 Bolsa Chica Street, Huntington Beach, CA
INVESTMENT HIGHLIGHTS
 
Income Stream Diversity – Promenade Shopping Center is a classic, ±21,398 SF retail shopping center—no tenant accounts for more than 20% of the shopping center’s GLA
 
Below Market Tenancy – Property-wide rents at Promenade Shopping Center are on average 41% below prevailing rates, further enhancing intrinsic value and tenant security 
 
Improving Returns – Due to embedded increases, lease up of vacant space, and below market rents rolling to market, the NOI is projected to more than double (+$362,000) over the expected hold period, providing an investor with an outstanding 7.5% CAGR (compounded annual growth rate)
 
Excellent, Affluent and Infill Coastal Demographics – More than 339,000 residents in a 5-mile radius with an Average Household Income of $118,900
 

 

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
PHILIP D. VOORHEES
+1 949 725 8521
Lic. 01252096
[email protected]
 
MEGAN WOOD
+1 949 725 8423
Lic. 01516027
[email protected]

 
ERIC SHAIN
+1 949 809 3758
Lic. 02050566
[email protected]
 


THIS IS A MARKETING COMMUNICATION

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

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