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5030 E 2nd St
Long Beach, CA 90803
Fee Simple Interest (Land/Building) · Land For Sale
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0.16 AC
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.
Property Facts
| Property Type | Land | Total Lot Size | 0.16 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.16 AC |
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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