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Off Market
1/1

Pacific Premier Bank
Huntington Beach, CA 92646


HIGHLIGHTS

  • RARE Orange County Retail Asset Opportunity- Proven Site with Long Term Track Record- Fee Simple
  • Absolute NNN Lease by Pacific Premier Bancorp (NASDAQ: PPBI) - Subsidiary of Grandpoint Capital, Inc.
  • High Profile Outparcel PAD of Home Depot- Strip Center includes Subway/Mio Nails & Spa (sublets)
  • Huge Deposits $121M- 45+ Locations on West Coast- Over $11.8B in Assets- Top Regional Bank (S&P)
  • Irreplaceable Signalized Hard Corner Property- Tremendous Visibility in the Heart of Orange County
  • World Famous Huntington Beach, CA- Nicknamed Surf City USA- Most Populous Beach City in the OC

OVERVIEW

We are pleased to offer to qualified investors an opportunity to acquire a single tenant net leased investment, that is 100% leased to Pacific Premier Bank (NASDAQ: PPBI) on a corporate lease located in Huntington Beach, CA. With over $120.8MM in deposits, the subject property benefits from its positioning on a hard-corner signalized intersection along with it’s location on Magnolia St. (one of the main Orange County, CA thoroughfares) which leads from the dense residential neighborhoods of Huntington Beach directly to the I-405 freeway. Moreover, with it’s positioning as an outparcel to The Home Depot along with Orange County’s high barriers to entry and limited availability of credit tenant quality retail spaces, this opportunity provides investors with very little downside risk. This is a rare opportunity to buy a 100% leased absolute NNN investment located in one of Orange County, CA’s premier destinations (Huntington Beach), leased to one of “America’s Best Banks” (#11 by Forbes’) with over $120MM in deposits and zero landlord responsibilities.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

True NNN- Rare OC Deal- PAD to Home Depot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bank, Convenience Store, Fast Food

TOTAL BUILDING SIZE

7632

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

153-521-01