3401 Cherry Ave - Restaurant FOR SALE


Long Beach, CA 90807- Bixby Knolls
$3,505,000 USD
310-922-6709
3401 Cherry Ave, Long Beach, CA for Sale
$3,505,000 USD
Restaurant - FOR SALE
1/7
null | 5.2% Cap Rate

3401 Cherry Ave
Long Beach, CA 90807
Bixby Knolls


HIGHLIGHTS

  • 100% Occupied Multi-Tenant Strip | NNN Leases | 4 Tenants | 4.2-Year WALT | Stable In-Place Cash Flow
  • Signalized, Hard Corner Intersection | Cherry Ave (38,300 VPD) & E Wardlow Rd (20,600 VPD) | Proximity to I-405 (252,000 VPD)
  • Surrounded by Major Retailers | Dense Long Beach Retail Corridor | Right Next to Long Beach Airport (1 Mile From Terminal)
  • Affluent, Dense Long Beach Trade Area | Strong Infill Demographics & Workforce Base

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, multi-tenant retail strip located at 3401 Cherry Avenue in Long Beach, California. The property is NNN-leased to a complementary mix of neighborhood-serving tenants including Donut Island, Pita Pitaki, Aki Sushi, and Junior Mex, providing stable in-place cash flow and a diversified rent roll. The property has a 4.2-year weighted average lease term (WALT), reducing the risk of near-term rollover. The Leases are structured as NNN in nature, reducing the risk of expense leakage for a future investor.

FOR SALE DETAILS

PRICE

$3,505,000 USD

PRICE/SF

$668 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Socal Retail Strip Center | 100% Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

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

CAN

APN/PARCEL ID

7147-026-019

ASK ABOUT THIS PROPERTY

Christopher TramontanoSRS National Net LeaseMore Info
310-922-6709

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Christopher TramontanoSRS National Net LeaseMore Info
310-922-6709

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