5225-5227 E. 2nd St. Retail FOR SALE


Long Beach, CA - Belmont Shore
$5,442,000 USD
949-725-8606
, Long Beach, CA for Sale
$5,442,000 USD
Retail - FOR SALE
1/6
null | 7.5% Cap Rate

5225-5227 E. 2nd St.
Long Beach, CA
Belmont Shore


HIGHLIGHTS

  • Pride of Ownership Asset – Few retail investment properties come to market in coastal LA County
  • Optimal Belmont Shore Location – 2nd Street is THE primary retail, shopping, entertainment, and dining destination in the trade area
  • Strong Tenancy, Historical Occupancy – Catalyst has successfully occupied the property since 2016
  • Early, Long-Term Lease Extensions – Catalyst Cannabis renewed its NNN leases early extending its term 10 years
  • Seller Financing Potential – Seller financing may be available depending on deal terms and buyer profile
  • Affluent Coastal Demographics – More than 23,500 people in a 1-mile radius, with an Average Household Income exceeding $160,300

OVERVIEW

* Pride of Ownership Asset – Few retail investment properties come to market in coastal LA County, let alone in the highly-coveted, affluent, coastal community of Belmont Shore * Optimal Belmont Shore Location – 2nd Street is THE primary retail, shopping, entertainment, and dining destination in the trade area – the property is in the heart of Belmont Shore at the signalized intersection of 2nd Street and Corona Avenue * Strong Tenancy, Historical Occupancy – Catalyst has successfully occupied the property since 2016 and Clear Channel Outdoor, Inc. is the current tenant of the rooftop billboard which has been in-place and generating income since 1999 * Early, Long-Term Lease Extensions – Catalyst Cannabis renewed its NNN leases early extending its term 10 years alongside its corporate and personal guarantees, proving the tenant’s success and long-term commitment to this location * Irreplaceable Real Estate – Belmont Shore is a fully built-out and mature coastal submarket with no new development opportunities on 2nd Street – with a rare corner location and an income generating rooftop billboard at low rent, the property is virtually irreplaceable Affluent Coastal Demographics – More than 23,500 people in a 1-mile radius, with an Average Household Income exceeding $160,300 Seller Financing Potential – Seller financing may be available depending on deal terms and buyer profile

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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

John ReadCBREMore Info
949-725-8606

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