Drive Thru Opportunity 5991 Atlantic Ave 1,488 SF Retail Building Long Beach, CA 90805 $1,350,000 ($907.26/SF) 6.67% Cap Rate

The Darvishian Group is pleased to present 5991 Atlantic Avenue, a ±1,488 SF free-standing drive-thru restaurant building on a ±9,613 SF corner parcel in North Long Beach. The property has been repriced to $1,350,000, representing an exceptional basis for a drive-thru asset anywhere in Southern California.
The building sits on a signalized hard corner at Atlantic Avenue and 60th Street, with pylon signage, 9 on-site parking spaces, and a drive-thru lane already built and operating. New drive-thru approvals have become increasingly difficult to secure across Southern California, making an existing operational lane a difficult asset to replicate at any price point.
Ownership has been fielding leasing interest from operators in the marketplace. Based on that activity, estimated market rent is approximately $5.00 PSF NNN, which would produce a projected annual NOI of approximately $90,000 — a 6.67% pro forma cap rate at the asking price. These figures are projections based on current market activity, are not guaranteed, and should be independently verified by buyer.
The property presents a value-add opportunity for an all-cash investor able to close quickly and control the repositioning from day one. The site is well suited to a range of quick-service concepts, including a Mexican restaurant, coffee shop, or donut store, and the improvements would benefit from renovation as part of a repositioning.
North Long Beach is a trade area with limited food options and meaningful momentum. The property sits one block from a new 84-unit KB Homes townhome development, within walking distance of Jordan High School, and within delivery range of the affluent Bixby Knolls neighborhood to the south. The Uptown Business District corridor along Atlantic Avenue continues to attract new investment and public improvements.