* Trader Joe’s Anchored Shopping Center – The Knolls is anchored by Trader Joe’s and complemented by a diverse mix of daily-needs and destination retailers, including Pet Food Express, Crunch Fitness, Jersey Mike’s, See’s Candies, and Blue Burro, driving consistent customer traffic and consumer demand
* Outstanding Income Growth – Due to embedded increases and below market rents re-setting to market, the Net Operating Income is projected to grow approximately $545,000 (47%) during the projected hold period
* Strong Historical Occupancy – Four tenants totaling ±44,850 SF (91% of leased GLA) have occupied the property for 10+ years, demonstrating strong tenant performance and enduring demand for the center
* Stable Cash Flow with Immediate Upside – Currently 95% occupied, with a single 2,693 SF vacancy providing a near term value creation opportunity while maintaining a strong and highly stable income stream
* Prime Long Beach Infill Location – The property is supported by 6.8M SF of office space, 9.1M SF of retail, and 18,000 multifamily units within three miles, generating significant daytime population and consumer spending
* High-Traffic, Easily Accessible Location – The Knolls is situated on Long Beach Blvd (±21,000 CPD), E San Antonio Dr (±8,000 CPD), and adjacent to Atlantic Ave (±22,800 CPD), and less than 2 miles away from I-405 (±298,400 CPD) and I-710 (±187,000 CPD), providing exceptional accessibility for both local residents and regional commuters