6350-6380 Long Beach Blvd - Convenience Store FOR SALE


Long Beach, CA 90805
$2,725,000 USD
562-257-1226
6350-6380 Long Beach Blvd, Long Beach, CA for Sale
$2,725,000 USD
Convenience Store - FOR SALE
1/4
null | 6.01% Cap Rate

6350-6380 Long Beach Blvd
Long Beach, CA 90805


HIGHLIGHTS

  • Both Tenants Have been at the site since 1972!
  • Two Tenant NNN Leased Investment - Ease of Management
  • Dense Infill Location with over 600,000 residents within 5 miles
  • Hard signalized corner
  • Excellent Parking

OVERVIEW

This listing represents a rare opportunity to acquire a seasoned two tenant NNN retail property in a dense retail neighborhood with excellent current income and good long term upside. The subject property is located at the Southwest corner of Long Beach Blvd., and Bort Street in North Long Beach. Long Beach Blvd is one of the busiest thoroughfares in Long Beach with a daily car count in excess of 20,000 cars per day and hundreds of businesses along its 10 mile stretch from the ocean to North Long Beach. This property is located at a signalized intersection and is literally minutes from both the 91 and 710 freeways. The property consists of two tenants situated on a 16,272 square foot lot. Golden Burger occupies approximately 1700 square feet on the hard corner and has been in continuous operation at this location since 1968. London Liquor has been an operating liquor store since 1972 and features all beer, wine and liquor sales as well as daily needs grocery items and check cashing. Both tenants are on long term leases with approximately 4 years remaining on each lease with fixed increases. The leases are true NNN leases with expense reimbursements and little to no management required of the owner.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$480 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Burger & London Liquor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,272 SF

ZONING

LBCCA

APN/PARCEL ID

7305-015-001,7305-015-002,7305-015-003,7305-015-027

ASK ABOUT THIS PROPERTY

Joseph LinkogleMarcus & MillichapMore Info
562-257-1226

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Joseph LinkogleMarcus & MillichapMore Info
562-257-1226

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