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Shops at the Shore | 100% Occupied 5030 E 2nd St 10,536 SF 100% Leased Retail Building Long Beach, CA 90803 $2,700,000 ($256.26/SF)
INVESTMENT HIGHLIGHTS
- Anchored by USPS - Nearly 30 Years of Historical Occupancy | 100% Occupied | Upside Through Conversion to NNN Leases
- Signalized, Hard Corner Intersection | 2nd Street (40,800 VPD) |Excellent Visibility & Access | Major Thoroughfare
- Rare Second Street Real Estate Opportunity | Belmont Shore Tourism | High Barriers To Entry
- California State University Long Beach (42,000 Students) | Historic Belmont Shore & Naples | 97 Walk Score
- Los Angeles MSA | Six Figure Incomes | Strong Demographics | Affluent Average Household Incomes | Sound Fundamentals
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in The Shops at the Shore, a streetfront, mixed-use investment property located in the historic Belmont Shore of Long Beach, CA (Los Angeles MSA). The asset is currently 100% occupied and totals 10,536 square feet, made up of 6,242 square feet of ground floor retail, and 4,294 of second floor office space. The diverse tenant lineup is comprised of service, restaurant, law, financial, and wellness tenants, providing a stable income stream for a new owner. The ground-floor retail is anchored by the United States Postal Service, a U.S. government–backed tenant whose top-tier investment-grade credit (S&P: AA+) offers long-term stability for future investors. This offering presents an extremely rare opportunity to acquire a generational-grade asset within a wealthy coastal neighborhood of LA County, within a dense, infill trade area with extremely high barriers to entry.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,536 SF
Building Class
C
Year Built
1978
Price
$2,700,000
Price Per SF
$256.26
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.55
Lot Size
0.16 AC
Zoning
CNP - Neighborhood Pedestrian-Oriented Commercial
Frontage
68’ on 2Nd St
AMENITIES
- Restaurant
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (76)
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
CONTACTS
-
Christopher Tramontano -
Matthew Mousavi -
Patrick Luther -
John Redfield -
SRS National Net Lease
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Shops at the Shore | 100% Occupied | 5030 E 2nd St
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