Corporate signature single tenant NNN investment property for sale in Huntington Beach, CA Orange County.
10 year new lease renewal for a well known 80+ location casual dining restaurant in a major power center off the 405 freeway in Orange County.
This 5.5% cap rate, 10 year lease is a solid investment property with low landlord responsibilities. For a commercial property which has highway visibility off off the 405 and situated in a shopping center with the likes of Costco, Macys and more, this property will have strong appeal for years to come. Excellent vehicle for a tax-deferred 1031 exchange or as a straight investment property to add to your portfolio.
The straight numbers are: $5,235,000 purchase price. $287,693 net
operating income per year. If this is an all-cash purchase then it is a
5.5% rate of return. This is an excellent rate of return when compared
to other investment options. In addition, tax depreciation is taken on
the income received for a better after tax rate of return.
When financed with 65% leverage, the rete of return increases significantly.
Further things to consider: Southwest Airlines from San Jose or San Francisco to LAX round trip range from $140 - $225 and takes about 1 hour flying time. Investment properties within your state of residence do not require an out of state tax filing.
Call for more details.
