$3,025,000 USD
818-259-0476
3400 E Anaheim St
Long Beach, CA 90804
Eastside Long Beach
HIGHLIGHTS
- Brand-New Ten (10)-Year Lease Extension running through June 30, 2036, plus two 5 year options that can extend occupancy to 2046
- Built in 15% rent increases every 5 years through the base term and all options, an above market structure that delivers predictable NOI growth
- Lease signed directly by Circle K Stores Inc., one of the world's largest convenience store operators, with roughly 17,000 locations
- A true absolute triple-net ground lease. The tenant is responsible for all taxes, insurance, maintenance, and repairs
- Circle K & its predecessors have operated here for more than 59 years, renewing repeatedly and most recently with this 2026 extension
- Positioned directly across from Belmont Center, a high performing Food 4 Less anchored shopping center that drives steady daily traffic to the corner
FOR SALE DETAILS
PRICE
$3,025,000 USD
PRICE/SF
$843 USD /SF
CAP RATE
5.02%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.5 AC
LAND SF
21,618 SF
ZONING
LBCCA
APN/PARCEL ID
-
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818-259-0476
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818-259-0476
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