3631 Santa Fe Ave - Service Station FOR SALE
Long Beach, CA 90810 |
$2,173,913 USD
404-441-3849
3631 Santa Fe Ave
Long Beach, CA 90810
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
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404-441-3849
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404-441-3849
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