3055-3075 California Ave
Signal Hill, CA 90755
Ross, Petco & Dollar Tree NNN - Infill Center · Retail Property For Sale

Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest (land & building) in the three-tenant, corporate guaranteed, NNN leased Ross Dress for Less, Petco, and Dollar Tree Junior Anchors of Signal Hill Gateway, a dominant Home Depot anchored community center in Signal Hill (Long Beach), CA. The property boasts three of the highest performing retailers in the Country, two of whom (Ross and Dollar Tree) are nearing the end of long term NNN leases with below market rent, presenting an investor a unique opportunity to potentially increase net operating income by over 40% through retenanting. Signal Hill Gateway is home to an unparalleled tenant roster of top industry anchor and daily-needs tenants including Home Depot, Starbucks, Chipotle, In-N-Out, and Jack in the Box, driving extremely high crossover foot traffic to the subject property. The property enjoys excellent signage, street frontage along California Avenue and East Spring Street, and multiple monument signs visible from one of the busiest freeways in Southern California, I-405 (333,800 VPD). Long Beach, CA, the seventh-largest city in California, is situated on San Pedro Bay, south of Los Angeles, in Los Angeles County. With over 5,000 residential units planned or under construction, Downtown Long Beach has become one of Southern California’s prime real estate markets. It is also a major industrial port, ranked second-busiest in the U.S. and tenth-busiest in the world. Some of Southern California’s best attractions can be found just a few miles from the area, including the Aquarium of the Pacific, the Queen Mary Oceanliner, and Disneyland. Signal Hill Gateway benefits from its position in one of the most affluent and densely populated areas in Southern California. Over 590,000 people with an average income of over $85,000 reside within 5 miles of the property and the high-income areas of Rancho Palos Verdes and Belmont Shore are just a short drive from the center.