1100 Redondo Ave | Long Beach, CA 90804
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- LoopNet Team
1100 Redondo Ave
Long Beach, CA 90804
Retail Property For Sale
Investment Highlights
- Rare NNN Ground Lease (Fee Simple Ownership) - A true hands-off investment with a 40-year absolute triple-net (NNN) lease.
- Strong Land Basis with Downside Protection - Priced at just $77 per square foot, the land basis provides a high margin of safety.
- Attractive Long-Term Upside - Upon lease expiration or in the event of tenant default, the investor gains control of the improved property.
- Passive, Management-Free Income - With zero operational obligations, this asset offers a stable and predictable income stream.
- Built-In Inflation Hedge - The lease includes bi-annual CPI-based rent escalations, w/a minimum increase of 4% and a maximum increase of 7%.
- Compelling Return Profile - Over the remaining lease term, the investor is projected to collect approximately $2,035,000 in rent.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,809 SF
Building Class
C
Year Built
1986
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.40 AC
Zoning
LBCCA
Parking
20 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
206’ on Redondo Ave
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 7259-013-026 | Improvements Assessment | $624,119 |
| Land Assessment | $1,040,213 | Total Assessment | $1,664,332 |
Property Taxes
Parcel Number
7259-013-026
Land Assessment
$1,040,213
Improvements Assessment
$624,119
Total Assessment
$1,664,332
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