3290 Atlantic Ave - Fast Food FOR SALE


Long Beach, CA 90807
$3,995,000 USD
480-221-4221
3290 Atlantic Ave, Long Beach, CA for Sale
$3,995,000 USD
Fast Food - FOR SALE
1/7
null | 3.72% Cap Rate

3290 Atlantic Ave
Long Beach, CA 90807


HIGHLIGHTS

  • 13 Years Remaining | 10% Every 5 Years | Corporate Signed
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Strategic Long Beach Location | Dense Retail & Employment Corridor
  • Modern Construction | Mission-Critical Drive-Thru Design
  • Exceptional Market Fundamentals | Los Angeles MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire a leased fee (land ownership) absolute NNN leased, Chick-fil-A investment property located in Long Beach, California. The tenant, Chick-fil-A, Inc has 13 years remaining on their lease with 7 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$1,538 USD /SF

CAP RATE

3.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | 13yrs Remain Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,333 SF

ZONING

C

APN/PARCEL ID

7148-005-035,7148-005-036

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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