412-414 Walnut Ave, Huntington Beach, CA
Retail | 4.85% CAP | 4,408 SqFt
Marketing description
Coastal Commercial is pleased to offer for sale 412–414 Walnut Avenue, a historically significant and irreplaceable asset located in the City of Huntington Beach. The property consists of a 4,408 square foot, two-story building situated on a 3,520 square foot lot in a premier coastal location just one block from the iconic Huntington Beach Pier and the Pacific Ocean.
The 2,568 square foot ground floor is currently leased to 25 Degrees, a well-established tenant paying $155,290 annually on a NNN basis, with 3% annual rent increases. The lease extends through October 31, 2035, providing stable, long-term income. The 1,840 square foot second-floor office is occupied by Capital Investment Network, Inc., owned and operated by the Seller. Upon closing, the seller will execute a new two-year NNN lease at $77,280 annually, ensuring additional in-place income.
Originally constructed in the late 1920s by a local physician, this two-story brick building carries a rich and storied history. The property initially featured two ground-floor retail spaces with professional offices above and, for a period, served as the Justice of the Peace and courthouse for the area. Over the decades, it has been home to a variety of notable local
businesses, including McIntosh Electric (circa 1927), HB Auto Supply (1933), Stella’s Coffee Shop in the late 1930s, and P&W Café in the 1940s. In 1976, its longest-standing tenant, Mazzotti’s, consolidated the ground floor into a single space.
More than just a premier coastal investment, 412–414 Walnut Avenue represents a rare opportunity to acquire a legacy asset with deep historical roots in one of Southern California’s most desirable beachfront communities. Comprehensive historical documentation is available upon request.
Investment highlights
- Minimal Management – Absolute NNN Leases
- Historically Significant and Irreplaceable Location – Unique opportunity to purchase a mixed-use asset near the major thoroughfare of Main Street and Pacific Coast Highway
- Dense Population & Affluent Demographics – Over 280,000 people reside within a 5-mile radius of the subject property having an average household income equal to over $159,000 per year
- Pride of Ownership – Pride of ownership asset in one of the premier recreational areas in California. The city is widely known for its beaches, popular surf spots and quaint neighborhoods filled with hometown appeal
- High Walk Score of 86 – Walking distance to the Huntington Beach boardwalk and other downtown retailers, restaurants and Pacific City
- Coastal Luxury Hotels – The Waterfront Beach Resort by Hilton, Paséa Hotel & Spa, Hyatt Huntington Beach Regency, and Kimpton Shore-break Resort
- Huntington Beach is Home to Events such as – US Open of Surfing - 800,000+ in Attendance, The Great Pacific Airshow - 2,000,000+ in Attendance and AVP Men & Women’s Pro Volleyball - Since 2000
- Traffic Counts – Traffic counts on Pacific Coast Hwy, approximately 1 block from the subject property equal to over 37,000 vehicles-per-day
- Rooftop Access – Available from the upper office space unity
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