3396 Atlantic Ave - Service Station FOR SALE


Long Beach, CA 90807
$3,826,087 USD
703-477-1315
3396 Atlantic Ave, Long Beach, CA for Sale
$3,826,087 USD
Service Station - FOR SALE
1/16
null | 5.75% Cap Rate

3396 Atlantic Ave
Long Beach, CA 90807


HIGHLIGHTS

  • Absolute NNN Lease with Increases
  • High Barriers to Entry
  • Long-Term Operating History
  • Intrinsic Underlying Value
  • Los Angeles MSA Advantage

OVERVIEW

CBRE is pleased to offer for sale the 793-square-foot United Pacific gas station and convenience store positioned on 0.41 acres in Long Beach, California — part of the Los Angeles MSA (MSA Population: 13M+). The site is subject to a ±8.7-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the three, 5-year renewal options. Business is not for sale

FOR SALE DETAILS

PRICE

$3,826,087 USD

PRICE/SF

$4,825 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific: Long Beach, CA (Atlantic Ave)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

LBCCA

APN/PARCEL ID

7148-012-036

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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