9032 Adams Ave - Auto Repair FOR SALE


Huntington Beach, CA 92646
$2,425,000 USD
949-769-4855
9032 Adams Ave, Huntington Beach, CA for Sale
$2,425,000 USD
Auto Repair - FOR SALE
1/5
null | 4.5% Cap Rate

9032 Adams Ave
Huntington Beach, CA 92646


HIGHLIGHTS

  • Dominant National Brand – 100% leased to national tenant Jiffy Lube, the largest oil-change chain in the United States
  • NNN Ground Lease – Jiffy Lube is on an absolute NNN ground lease, with over 7 years remaining and two 5-year options
  • Below Market Rent – Jiffy Lube’s in-place rent is only $3.62 PSF/month, ±28% below market rates

OVERVIEW

* Dominant National Brand – 100% leased to national tenant Jiffy Lube, the largest oil-change chain in the United States, with over 2,200 franchise locations across 49 states, serving more than 22 million customers annually *According to Placer.ai, this Jiffy Lube location received an estimated 41K visits in the past year, which places it in the top 10% of Jiffy Lube locations in the US by foot traffic * NNN Ground Lease – Jiffy Lube is on an absolute NNN ground lease, with over 7 years remaining (2032 expiration), and two 5-year options with 10% rental increases every 5 years, the most secure “hands off” form of real estate investment with zero landlord responsibilities * Below Market Rent – Jiffy Lube’s in-place rent is only $3.62 PSF/month, ±28% below market rates which CBRE estimates at $5.00 PSF/month, increasing renewal probability and enhancing the property’s long-term embedded value * Pad to Grocery Anchored Center – Outparcel to Adams Marketplace, a Smart & Final Extra! anchored shopping center including major tenants Petco, Starbucks, Wingstop, Carl’s Jr, and more * High Identity, High Traffic Location – Strategic location offering excellent frontage along iconic Adams Ave (±31,700 CPD), immediately off Magnolia St (±21,900 CPD), two of the major thoroughfares bisecting Huntington Beach and connecting it to the surrounding cities

FOR SALE DETAILS

PRICE

$2,425,000 USD

PRICE/SF

$966 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jiffy Lube

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

309

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C-G

APN/PARCEL ID

151-191-20

ASK ABOUT THIS PROPERTY

949-769-4855

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949-769-4855

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