The offering price cap rate of 5.2% and if there is a spot to reflect upcoming 3/27 10% rent increase and that correlating cap rate of 5.7
Located at the high-visibility intersection of Beach Boulevard and Westminster Boulevard, 14011 Beach Blvd presents a rare opportunity to acquire a top-performing Chase Bank branch in the heart of Orange County. This ±14,774 SF, two-story freestanding building sits on 1.05 acres across three parcels, with ±110,000 vehicles per day passing by, ensuring exceptional exposure. The property benefits from a long-standing tenancy by JP Morgan Chase Bank, the largest financial institution in the U.S., which has operated at this location since 1989 and recently exercised an early 5-year lease extension through February 2032.
The lease is structured as an absolute NNN with zero landlord responsibilities, offering a truly passive investment. With a current NOI of $302,643 and a 5.20% cap rate, the asset provides stable cash flow and built-in rent escalations every five years, including three remaining 5-year renewal options. The site’s MU-40 zoning overlay allows for potential future mixed-use redevelopment, adding long-term upside.
Surrounded by national retailers including Starbucks and Wells Fargo, and supported by a dense, middle-income trade area with over 250,000 residents within a 3-mile radius, the property is ideally positioned for continued success. The branch ranks in the top 25% of Chase locations in Orange County based on deposits, exceeding $407 million, underscoring its strength and importance in the network.