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16001 Beach Boulevard
Huntington Beach, CA 92647

Price: $6,300,000 Zoning: SP14
Bldg SF: 2,257 SF Price/SF: $2,791
Land SF: 21,702 SF Traffic Counts: 149,200
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Price: $6,300,000
Bldg SF: 2,257 SF
Land SF: 21,702 SF
Price/SF: $2,791
Occupancy:  Vacant
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

Unique Opportunity to Purchase a Trophy Signalized Corner Location and Operating Service Station and Convenience Store Business

 

  • The offering includes the purchase of the underlying real estate and the existing service station and convenience store business
  • Ideally located on the highly trafficked Southwest signalized corner of Beach Boulevard and Edinger Avenue, which experiences traffic counts north of 75,000 along Beach Boulevard and 73,000 along Edinger Avenue
  • Located directly off the Interstate 405, which features average daily traffic counts of 266,000 vehicles per day
  • Excellent freeway access
  • There are ten fuel hoses located under two canopies, as well as one 2,257 square foot Convenience Store
  • The fuel pumps do not require any upgrades as of this time
  • Recently upgraded EMV credit card reading system on the pumps
  • The property features three curb cuts and access from both Beach Boulevard and Edinger Avenue

 

Irreplaceable Huntington Beach Location

 

  • Located directly across the street from the Bella Terra Mall
  • There is a proposed plan to demolish 245,000 square feet of the Bella Terra Mall, and replace it with a five-story building which would feature 300 units above 25,000 square feet of retail along with a parking structure for residents
  • The populous submarket is ripe for development with a multifamily vacancy rate of just 2.1%
  • Surrounded by national eateries, including restaurants such as Arby’s, Starbucks, California Pizza Kitchen, Cheesecake Factory, Chipotle, BJ’s Steakhouse, and Taco Bell, all within walking distance from the property
  • Nearby national retailers include Whole Foods Market, Nordstrom Rack, Dick’s Sporting Goods, Michaels, Costco Wholesale, Burlington, REI, Ulta Beauty, Staples, and Home Goods, also within walking distance

 

Dense Immediate Population and Strong, Affluent Underlying Demographics

 

  • Average household income is $105,726 within one mile of the property, $106,767 within three miles of the property, and $111,852 within five miles of the property
  • There are 29,420 people located within one mile of the property, 232,506 people located within three miles of the property, and 553,695 people located within five miles of the property
  • There are 10,377 households located within one mile of the property, 73,686 within three miles of the property, and 174,968 within five miles of the property
  • Strong surrounding single family residential market, with a median home price of $717,495 within one mile of the subject property