2701 Cherry Ave
Signal Hill, CA 90755
Best Buy · Retail Property For Sale

The offering, a 45,111 sq. ft. single tenant NNN Best Buy, provides an investor with a net leased investment and a potential value-creation opportunity. The subject property is located in the densely populated Los Angeles/Long Beach area community of Signal Hill, CA and comprises approximately 4.13 acres of land. Positioned at the signalized intersection of Cherry Ave. and E. 28th St. and approximately ½ mile south of the Interstate 405 interchange, the property receives strong combined average daily traffic counts. Best-in-class electronics retailer Best Buy is an investment grade tenant with a “BBB” Standard and Poor’s Rating. Additional tenants within ¼ mile of the subject property that drive significant traffic to the trade area include Costco, Home Depot, Food 4 Less, Mother’s Market, PetSmart, and 99 Cents Only Stores. The subject property offers a potential value creation opportunity, as the property is situated on a 4.13 acre lot and has an oversized parking field; with a current parking ratio of approximately 6 stalls per 1,000 sq. ft. An investor would have the opportunity to approach Best Buy to negotiate for consent to allow development of retail pad space on the property; creating an additional revenue stream for ownership.