1100 Redondo Ave - Freestanding FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,350,000 USD
818-259-0476
1100 Redondo Ave, Long Beach, CA for Sale
$1,350,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

1100 Redondo Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Rare NNN Ground Lease (Fee Simple Ownership) - A true hands-off investment with a 40-year absolute triple-net (NNN) lease.
  • Passive, Management-Free Income - With zero operational obligations, this asset offers a stable and predictable income stream.
  • Strong Land Basis with Downside Protection - Priced at just $77 per square foot, the land basis provides a high margin of safety.
  • Built-In Inflation Hedge - The lease includes bi-annual CPI-based rent escalations, w/a minimum increase of 4% and a maximum increase of 7%.
  • Attractive Long-Term Upside - Upon lease expiration or in the event of tenant default, the investor gains control of the improved property.
  • Compelling Return Profile - Over the remaining lease term, the investor is projected to collect approximately $2,035,000 in rent.

OVERVIEW

This offering presents a rare opportunity to acquire a fee simple interest in land encumbered by a long-term NNN ground lease. The investor owns the land only—not the buildings—and benefits from a passive, inflation-protected income stream with significant long-term upside.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,468 SF

ZONING

LBCCA

APN/PARCEL ID

7259-013-026

ASK ABOUT THIS PROPERTY

Patrick WadeCBRE, Inc.More Info
818-259-0476

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Patrick WadeCBRE, Inc.More Info
818-259-0476

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