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THE CORNER OF 2ND & GRANADA 5030 E 2nd St 13,244 SF 100% Leased Retail Building Long Beach, CA 90803 $4,250,000 ($320.90/SF) 3.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Located along iconic 2nd Street, one of Southern California’s most desirable and supply-constrained coastal retail corridors
- 17-year remaining term (through 2042) with three 5-year renewal options.
- Average Base Term Cap Rate of ±4.4% with minimum escalations to 6.19%, 7.17% and 8.32% in respective option periods.
- 100% passive ownership; lessee is responsible for all taxes, insurance, and maintenance.
- 2% annual increases during the base term, then greater of CPI or fixed rent increases at each option period.
- Current rent is significantly below market, offering strong reversionary IRR upside upon lease expiration.
EXECUTIVE SUMMARY
CLICK FOR LINK TO MARKETING PACKAGE:
https://teamsharpe.com/featured-listings/register-5020-5050-e-2nd-street-long-beach-ca/
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Diversified Subtenant Mix – Includes USPS, Sushi Nikkei, Poke Pola, and professional office tenants—offering built-in occupancy stability.
Attractive Price per Foot – Rare opportunity to acquire a Belmont Shore asset at ±$320/SF—well below a recent $1,000+/SF trade for a similar building on 2nd Street.
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This offering represents the fee simple interest in a trophy mixed-use property along iconic 2nd Street in Belmont Shore, one of Long Beach’s most vibrant and sought-after coastal retail corridors.
The property is secured by an absolute NNN master lease providing passive, predictable income backed by a personal guaranty from a strong operator. The base term runs through 2042, with three (3) five-year options, ensuring long-term stability and significant reversionary upside.
Surrounded by national and regional retailers, boutique shops, and restaurants, the asset benefits from exceptional walkability, year-round pedestrian traffic, and affluent neighborhood demographics.
This is a rare opportunity to acquire a Belmont Shore property for only ±$320 per square foot—well below a recent $1,000+/SF sale of a comparable two-story building on 2nd Street.
Combining irreplaceable location, passive NNN income, and below-market pricing, this asset stands out as one of the most compelling long-term investment opportunities in coastal Southern California.
https://teamsharpe.com/featured-listings/register-5020-5050-e-2nd-street-long-beach-ca/
------------------------------------------------------------------------------------------------------------------------------------------------
Diversified Subtenant Mix – Includes USPS, Sushi Nikkei, Poke Pola, and professional office tenants—offering built-in occupancy stability.
Attractive Price per Foot – Rare opportunity to acquire a Belmont Shore asset at ±$320/SF—well below a recent $1,000+/SF trade for a similar building on 2nd Street.
------------------------------------------------------------------------------------------------------------------------------------------------
This offering represents the fee simple interest in a trophy mixed-use property along iconic 2nd Street in Belmont Shore, one of Long Beach’s most vibrant and sought-after coastal retail corridors.
The property is secured by an absolute NNN master lease providing passive, predictable income backed by a personal guaranty from a strong operator. The base term runs through 2042, with three (3) five-year options, ensuring long-term stability and significant reversionary upside.
Surrounded by national and regional retailers, boutique shops, and restaurants, the asset benefits from exceptional walkability, year-round pedestrian traffic, and affluent neighborhood demographics.
This is a rare opportunity to acquire a Belmont Shore property for only ±$320 per square foot—well below a recent $1,000+/SF sale of a comparable two-story building on 2nd Street.
Combining irreplaceable location, passive NNN income, and below-market pricing, this asset stands out as one of the most compelling long-term investment opportunities in coastal Southern California.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,244 SF
Building Class
C
Year Built
1978
Price
$4,250,000
Price Per SF
$320.90
Cap Rate
3.67%
NOI
$156,060
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.95
Lot Size
0.16 AC
Zoning
CL
Frontage
68’ on 2Nd St
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7247-003-005 | Improvements Assessment | $1,837,710 |
| Land Assessment | $929,860 | Total Assessment | $2,767,570 |
PROPERTY TAXES
Parcel Number
7247-003-005
Land Assessment
$929,860
Improvements Assessment
$1,837,710
Total Assessment
$2,767,570
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THE CORNER OF 2ND & GRANADA | 5030 E 2nd St
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