110 E Anaheim St - Convenience Store FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$2,200,000 USD
310-997-5152
110 E Anaheim St, Long Beach, CA for Sale
$2,200,000 USD
Convenience Store - FOR SALE
1/18
null | 6.11% Cap Rate

110 E Anaheim St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Cap Rate 6.11%
  • NNN Lease with 3% annual increase
  • Just 2 tenant, easy to manage

OVERVIEW

Retail Investment Opportunity – "Anaheim Pine Plaza" in Long Beach City. Located at the high-traffic intersection of Anaheim Street and Pine Avenue, adjacent to Pacific Avenue, this attractive commercial retail building sits in the well-established Anaheim Pine Plaza shopping center. Property Highlights: Building Size 4,467 SF. and Lot Size 13,853 SF. This building was rebuilt in 2008 and it is in good and modern condition. It has more than 20 on-site spaces - ample for customers and staffs. Zoning is Commercial Retail. One tenant is LPB Convenience Store – Long-term, stable tenant. Using 2,820 sf, rent is $8,556.37. The other is Veronica’s Insurance – Well-known brand throughout Southern California. Using 1620 sf, rent is $5,723.33. Total monthly income is $14,297. Yearly gross income is $171,356 and net income is $134,496. This good income makes Cap Rate of 6.11%. Both tenants under Rent + NNN leases. 3% Annual Rent Increases. Separate electrical meters, HVAC units, and utilities for each tenant. This is a rare opportunity to acquire a low-maintenance, income-producing asset with strong, long-term tenants in place. Ideal for investors seeking a stable return with built-in rental growth in a high-visibility, high-traffic location. (See attached Listing Supplements for Property information, Rent roll, and Profit/ Expense detail)

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

6.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

PD29

APN/PARCEL ID

7273-004-042

ASK ABOUT THIS PROPERTY

Jun ChangNewStar Realty & InvestmentMore Info
310-997-5152

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Jun ChangNewStar Realty & InvestmentMore Info
310-997-5152

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