669 E Artesia Blvd - Bank FOR SALE


Long Beach, CA 90805
$3,960,000 USD
949-698-1106
669 E Artesia Blvd, Long Beach, CA for Sale
$3,960,000 USD
Bank - FOR SALE
1/11
null | 5% Cap Rate

669 E Artesia Blvd
Long Beach, CA 90805


HIGHLIGHTS

  • Investment Grade Tenant (S&P: A+) | Over 5 Years Remaining | Rental Increases | Options To Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized Hard-Corner Intersection (Combined 45,800) | Directly Off Of State Highway 91 (271,000 VPD)
  • Drive-Thru Equipped
  • Rare LA County Retail Opportunity | High Barriers To Entry
  • Within Recently Developed Uptown Commons | Strong Tenant Synergy

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, drive-thru equipped, Chase Bank investment property located in Long Beach, CA (Los Angeles MSA). The tenant, JPMorgan Chase Bank, N.A. (S&P: A+), has over 5 years remaining on their current lease with 4 (5-year) and 1 (4-year, 11-month) option to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an investor seeking passive income.

FOR SALE DETAILS

PRICE

$3,960,000 USD

PRICE/SF

$1,424 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Beach, CA - Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,355 SF

ZONING

CCA

APN/PARCEL ID

7115-003-047,7115-003-048,7115-003-049

ASK ABOUT THIS PROPERTY

Pat KentSRS National Net Lease GroupMore Info
949-698-1106

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Pat KentSRS National Net Lease GroupMore Info
949-698-1106

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