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Fee Simple Interest (Land/Building) 5030 E 2nd St 10,536 SF 100% Leased Retail Building Long Beach, CA 90803 $4,250,000 ($403.38/SF)



EXECUTIVE SUMMARY
This offering represents the fee 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.
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.
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.
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.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,536 SF
Building Class
C
Year Built
1978
Price
$4,250,000
Price Per SF
$403.38
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.51
Lot Size
0.16 AC
Zoning
CNP - Neighborhood Pedestrian-Oriented Commercial
Frontage
68’ on 2nd St
AMENITIES
- Restaurant
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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Fee Simple Interest (Land/Building) | 5030 E 2nd St
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