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.