3401 Cherry Ave - Restaurant FOR SALE


Long Beach, CA 90807- Bixby Knolls
$3,875,000 USD
714-267-8582
3401 Cherry Ave, Long Beach, CA for Sale
$3,875,000 USD
Restaurant - FOR SALE
1/5
null | 4.5% Cap Rate

3401 Cherry Ave
Long Beach, CA 90807
Bixby Knolls


OVERVIEW

Marcus and Millichap are pleased to present Cherry Avenue strip retail located in the city of Long Beach, California. The real estate is located at the signalized hard NWC of Cherry Avenue and East Wardlow Road where traffic counts exceed 64,000 cars per day. The property consists of 5,250 square feet of inline retail sitting on a .46-acre parcel. The tenant roster consists of 4 complimentary food use tenants all on NNN leases. With very limited restaurant competition in the trade area the property location benefits from strong morning and lunchtime business. The property is an ease of management asset that has not traded hands for 19 years.

FOR SALE DETAILS

PRICE

$3,875,000 USD

PRICE/SF

$781 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R1N

APN/PARCEL ID

7147-026-019

ASK ABOUT THIS PROPERTY

Paul BitontiMarcus & MillichapMore Info
714-267-8582

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Paul BitontiMarcus & MillichapMore Info
714-267-8582

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