5030 E 2nd St - Storefront Retail/Office FOR SALE


Long Beach, CA 90803- Belmont Shore
$4,250,000 USD
310-893-3397
5030 E 2nd St, Long Beach, CA for Sale
$4,250,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 3.67% Cap Rate

5030 E 2nd St
Long Beach, CA 90803
Belmont Shore


HIGHLIGHTS

  • Located along iconic 2nd Street, one of Southern California’s most desirable and supply-constrained coastal retail corridors
  • 100% passive ownership; lessee is responsible for all taxes, insurance, and maintenance.
  • 17-year remaining term (through 2042) with three 5-year renewal options.
  • 2% annual increases during the base term, then greater of CPI or fixed rent increases at each option period.
  • Average Base Term Cap Rate of ±4.4% with minimum escalations to 6.19%, 7.17% and 8.32% in respective option periods.
  • Current rent is significantly below market, offering strong reversionary IRR upside upon lease expiration.

OVERVIEW

CLICK FOR LINK TO MARKETING PACKAGE: https://teamsharpe.com/featured-listings/register-5020-5050-e-2nd-street-long-beach-ca/ ------------------------------------------------------------------------------------------------------------------------------------------------ Diversified Subtenant Mix – Includes USPS, Sushi Nikkei, Poke Pola, and professional office tenants—offering built-in occupancy stability. Attractive Price per Foot – Rare opportunity to acquire a Belmont Shore asset at ±$320/SF—well below a recent $1,000+/SF trade for a similar building on 2nd Street. ------------------------------------------------------------------------------------------------------------------------------------------------ This offering represents the fee simple interest in a trophy mixed-use property along iconic 2nd Street in Belmont Shore, one of Long Beach’s most vibrant and sought-after coastal retail corridors. The property is secured by an absolute NNN master lease providing passive, predictable income backed by a personal guaranty from a strong operator. The base term runs through 2042, with three (3) five-year options, ensuring long-term stability and significant reversionary upside. Surrounded by national and regional retailers, boutique shops, and restaurants, the asset benefits from exceptional walkability, year-round pedestrian traffic, and affluent neighborhood demographics. This is a rare opportunity to acquire a Belmont Shore property for only ±$320 per square foot—well below a recent $1,000+/SF sale of a comparable two-story building on 2nd Street. Combining irreplaceable location, passive NNN income, and below-market pricing, this asset stands out as one of the most compelling long-term investment opportunities in coastal Southern California.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

3.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE CORNER OF 2ND & GRANADA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,804 SF

ZONING

CL

APN/PARCEL ID

7247-003-005

ASK ABOUT THIS PROPERTY

Ryan SharpeKidder MathewsMore Info
310-893-3397

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Ryan SharpeKidder MathewsMore Info
310-893-3397

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