4401 E Pacific Coast Hwy
Long Beach, CA 90804
Retail Property For Sale

Marcus & Millichap is pleased to present for sale a Chick-fil-A located on the highly traveled Pacific Coast Highway, in Long Beach, California. The subject property is a brand-new fee simple ground lease Chick-fil-A with a drive-thru on a 0.97 acre lot. The Chick-fil-A is projected to open during May 2017. The property is leased under a rare 20-year triple-net lease with three, five-year options to renew. The lease includes a corporate guarantee from Chick-fil-A, the largest quick-service chicken restaurant in the United States. The property boasts top tier visibility and access with frontage on the Los Alamitos Circle, Pacific Coast Highway, and Outer Traffic Circle. Traffic counts in front of the site are well above 60,000 cars per day. Located within a few hundred yards of a CVS Pharmacy and a multitude of hospitals and medical service providers. The notable hospitals include Community Hospital of Long Beach (208 beds), Kaiser Permanente Hospital, Regency Oaks Care Center, Hacienda Grande Assisted Living Facility, County Villa Belmont Heights Nursing Facility (83 beds), Tichenor Orthopedic Clinic for Children, and multiple others. The surrounding demographics are strong, especially considering the density and sheer number of rooftops in the immediate ar ea. There are more than 32,975 people living within a one-mile radius of the property, with an average household income of more than $74,600. Furthermore, it is predicted that the average household income will increase by more than 16 percent in the next four years. The multiple national retailers in the immediate area include Vons, Ralphs, Marshalls, Ross Dress For Less, Chase Bank, US Bank, AutoZone, Circle Porsche dealership, and more.