3631 Santa Fe Ave - Service Station FOR SALE


Long Beach, CA 90810- Westside Long Beach
$2,173,913 USD
703-477-1315
3631 Santa Fe Ave, Long Beach, CA for Sale
$2,173,913 USD
Service Station - FOR SALE
1/5
null | 5.75% Cap Rate

3631 Santa Fe Ave
Long Beach, CA 90810
Westside Long Beach


HIGHLIGHTS

  • The site is subject to a ±9.4-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
  • Irreplaceable location with high barriers to entry for new gas competitors.
  • Operating history of over 68 years.
  • Infill location with strong underlying intrinsic value.

OVERVIEW

CBRE is pleased to offer for sale the 1,386 SF United Pacific fuel and convenience store located on .27 acres in Long Beach, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±9.4-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).

FOR SALE DETAILS

PRICE

$2,173,913 USD

PRICE/SF

$1,568 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific: Long Beach, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,637 SF

ZONING

LBCNA

APN/PARCEL ID

7317-006-026

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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