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3400 E Anaheim St 3,590 SF Retail Building Long Beach, CA 90804 $3,100,000 ($863.51/SF) 4.90% Cap Rate
Investment Highlights
- Brand-New Ten (10)-Year Lease Extension
- The property benefits from a premier location directly across from Belmont Center, a high-performing shopping center anchored by Food 4 Less
- A true absolute triple-net ground lease. The tenant is responsible for all taxes, insurance, maintenance, and repairs
- The Lease is signed directly by Circle K Stores Inc., placing the income stream behind one of the largest convenience-store operators in the world
- The property occupies the signalized hard corner of E. Anaheim Street and Redondo Avenue, delivering full-movement access from all four directions
- Built-in fifteen percent (15%) rent escalations every five (5) years across both the firm term and all option periods
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
$3,100,000
Price Per SF
$863.51
Cap Rate
4.90%
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
-
Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Bo Henderson -
Jack Webber -
Nick Solomon -
Vivian Tran -
CBRE, Inc.
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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3400 E Anaheim St
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