14011 Beach Blvd - Bank FOR SALE


Westminster, CA 92683
$5,800,000 USD
310-748-1328
14011 Beach Blvd, Westminster, CA for Sale
$5,800,000 USD
Bank - FOR SALE
1/16
null | 5.74% Cap Rate

14011 Beach Blvd
Westminster, CA 92683


HIGHLIGHTS

  • SUBMIT ALL OFFERS - ALL CASH OFFERS ENCOURAGED!!!
  • Absolute NNN lease with zero landlord responsibilities
  • Early 5-year lease extension through 2032 with Three 5-Yr. renewal options (10% Increases)
  • Top-performing Chase branch with $407M+ in deposits -Walk up ATM and Drive-Thru
  • Prime corner location with ±110,000 VPD and strong signage visibility
  • MU-40 zoning allows future mixed-use redevelopment potential

OVERVIEW

SUBMIT ALL OFFERS - ALL CASH OFFERS ENCOURAGED!!! The offering price correlates to a FY (11/26-10/27) cap rate of 5.6% with a 3/27 scheduled Ten Percent (10%) rent increase ($332,907) correlating to a near term cap rate of 5.74% 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 $322,116 and a near term (3/27) 10% increase to $332,907 NOI (5.74% CAP), the asset provides stable cash flow and built-in rent escalations (10%) every five years, including three remaining 5-year renewal options.. The site’s MU-40 zoning overlay allows for potential future commercial or mixed-use with residential redevelopment, adding long-term upside potential. 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.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$393 USD /SF

CAP RATE

5.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

106

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C-1 with MU40 Overlay

APN/PARCEL ID

096-332-51,096-332-59,096-332-61

ASK ABOUT THIS PROPERTY

Dan RileyCBRE, Inc.More Info
310-748-1328

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Dan RileyCBRE, Inc.More Info
310-748-1328

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.