480-221-4221
4525 E Pacific Coast Hwy, Long Beach, CA for Sale
Drug Store - FOR SALE
1/9
null | Request Cap Rate

4525 E Pacific Coast Hwy
Long Beach, CA 90804


HIGHLIGHTS

  • Excellent Lease Up or Re-Development Opportunity |Large Parcel - Intrinsic Value | C-1 Zoning
  • California State University Long Beach (36,000 Students) | 2nd & PCH (11 Acres) | Downtown Long Beach
  • Generational Retail Opportunity | High Barriers To Entry|Irreplaceable Coastal Location
  • Excellent Visibility & Access | Strong Trade Area Co-Tenancy | Major Thoroughfare | Proximity to Long Beach Airport
  • LB Traffic Circle Area | Los Angeles MSA | Six-Figure Incomes |Strong Demographics In Affluent Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 1.31-acre lot with a 15,163 SF former national drugstore/pharmacy located along historic Pacific Coast Hwy in Long Beach, California (Los Angeles County). The building was formerly occupied by Rite Aid and features a drive-thru pharmacy as well as 58 parking stalls, an ample 3.82 stalls per 1,000 SF of leaseable area. The property is zoned CHW, Regional Highway District, providing for a wide range of retail and commercial uses. This offering represents a rare opportunity to acquire a single tenant, coastal, trophy asset within infill area characterized extremely high barriers for new development.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Rite Aid | For Sale/Lease | Coastal

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

CHW

APN/PARCEL ID

7220-001-021

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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