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3400 E Anaheim St 3,590 SF Retail Building Long Beach, CA 90804 $3,025,000 ($842.62/SF) 5.02% Cap Rate
Investment Highlights
- Brand-New Ten (10)-Year Lease Extension running through June 30, 2036, plus two 5 year options that can extend occupancy to 2046
- Lease signed directly by Circle K Stores Inc., one of the world's largest convenience store operators, with roughly 17,000 locations
- Circle K & its predecessors have operated here for more than 59 years, renewing repeatedly and most recently with this 2026 extension
- Built in 15% rent increases every 5 years through the base term and all options, an above market structure that delivers predictable NOI growth
- A true absolute triple-net ground lease. The tenant is responsible for all taxes, insurance, maintenance, and repairs
- Positioned directly across from Belmont Center, a high performing Food 4 Less anchored shopping center that drives steady daily traffic to the corner
Executive Summary
Brand-New 10-Year Lease with Circle K Corporate
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,590 SF
Building Class
C
Year Built
1980
Price
$3,025,000
Price Per SF
$842.62
Cap Rate
5.02%
NOI
$151,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.50 AC
Zoning
LBCCA
Parking
15 Spaces (4.18 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Contacts
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Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Bo Henderson -
Jack Webber -
Nick Solomon -
Vivian Tran -
CBRE, Inc.
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