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


Long Beach, CA 90803- Belmont Shore
$2,700,000 USD
310-922-6709
5030 E 2nd St, Long Beach, CA for Sale
$2,700,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | Request Cap Rate

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


HIGHLIGHTS

  • Anchored by USPS - Nearly 30 Years of Historical Occupancy | 100% Occupied | Upside Through Conversion to NNN Leases
  • California State University Long Beach (42,000 Students) | Historic Belmont Shore & Naples | 97 Walk Score
  • Signalized, Hard Corner Intersection | 2nd Street (40,800 VPD) |Excellent Visibility & Access | Major Thoroughfare
  • Los Angeles MSA | Six Figure Incomes | Strong Demographics | Affluent Average Household Incomes | Sound Fundamentals
  • Rare Second Street Real Estate Opportunity | Belmont Shore Tourism | High Barriers To Entry

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in The Shops at the Shore, a streetfront, mixed-use investment property located in the historic Belmont Shore of Long Beach, CA (Los Angeles MSA). The asset is currently 100% occupied and totals 10,536 square feet, made up of 6,242 square feet of ground floor retail, and 4,294 of second floor office space. The diverse tenant lineup is comprised of service, restaurant, law, financial, and wellness tenants, providing a stable income stream for a new owner. The ground-floor retail is anchored by the United States Postal Service, a U.S. government–backed tenant whose top-tier investment-grade credit (S&P: AA+) offers long-term stability for future investors. This offering presents an extremely rare opportunity to acquire a generational-grade asset within a wealthy coastal neighborhood of LA County, within a dense, infill trade area with extremely high barriers to entry.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Shops at the Shore | 100% Occupied

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

CNP

APN/PARCEL ID

7247-003-005

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.