959-999 E Spring St - Storefront FOR SALE


Signal Hill, CA 90755
$6,200,000 USD
949-278-8301
959-999 E Spring St, Signal Hill, CA for Sale
$6,200,000 USD
Storefront - FOR SALE
1/3
null | 4.84% Cap Rate

959-999 E Spring St
Signal Hill, CA 90755


HIGHLIGHTS

  • Anchored by Starbucks, the World’s Largest Coffee Chain (±40,100 Stores) – Starbucks Benefits from a Drive-Thru Lane and is ranked in the 92% Nation
  • Co-Anchored by Chipotle Mexican Grill, the Global Fast Casual Mexican Food – Chipotle benefits from multi-tenancy and is ranked in the 88% Nationwide
  • High-Quality Construction - The Subject Property is an Out Parcel to a Power Center which includes Home Depot (NAP), Dollar Tree (NAP), Ross Dress

OVERVIEW

Marcus & Millichap is pleased to present an opportunity to acquire a fully occupied, four-tenant NNN leased retail pad at 959-999 East Spring Street in Signal Hill, California. The property is part of the Signal Hill Gateway, a bustling commercial retail center. Anchored by a Home Depot (NAP), it features a mix of national and credit tenants, including Starbucks (999 E Spring St), Chipotle Mexican Grill (959 E Spring St), In-NOut Burger (NAP), Applebee’s (NAP), Jack in the Box (NAP), Petco (NAP), Dollar Tree (NAP), and Ross (NAP). Milano Nail Lounge part of the offering is located at 979 E Spring St and a Bank of America ATM. The center benefits from high visibility, excellent signage, traffic and street frontage along East Spring Street and California Avenue, directly accessible from the I-405 freeway (333,800 vehicles per day). It’s approximately 0.7 miles to Long Beach Memorial Medical Center which has more than 450 beds, proximity to Long Beach International Airport and major retailers drives significant foot traffic, making it a prime location for businesses. The area is zoned for commercial use, with abundant parking and a layout designed for convenience.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$949 USD /SF

CAP RATE

4.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

CG

APN/PARCEL ID

7207-024-027

ASK ABOUT THIS PROPERTY

Sheila AlimadadianMarcus & MillichapMore Info
949-278-8301

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Sheila AlimadadianMarcus & MillichapMore Info
949-278-8301

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