850 Long Beach Blvd 7,900 SF Retail Building Long Beach, CA 90813 $3,100,000 ($392.41/SF) 5.75% Cap Rate

Kidder Mathew is pleased to present for sale 850 Long Beach Boulevard in the City of Long Beach. This offering is a single-tenant, absolute NNN investment located at 850 Long Beach Blvd in Long Beach, California, leased to Ambitions California, Inc., a long-standing, multi-state operator of licensed adult day care and behavioral health programs.
Ambitions California, Inc., a member of the Ambitions, Inc. group, is a proven provider of adult day-programs and community-based residential services for adults with developmental disabilities. With operations spanning California, Washington and Idaho, the organization brings scale, regulatory competence, and a diversified footprint. The Long Beach location sits within this robust platform, providing investors with a lease backed by a mission-driven, multi-state operator with decades of experience.
Backed by a 30+ year operating tenant with a multi-state footprint across California, Washington, and Idaho, this offering delivers durable, bond-like cash flow today with built-in rent growth, combined with the embedded land value and future redevelopment potential sought by long-term investors in core Southern California markets.
The current Lease expires in 2030 and has 3% annual rent escalations and an absolute NNN lease structure. There is future flexibility positioning the asset as a covered land investment in a dense, transit-oriented urban corridor with PD-29 zoning.
The 7,900 SF single-story masonry building is situated on a 0.34-acre corner lot with 100 feet of frontage along Long Beach Blvd, benefitting from strong visibility, 18,389+ daily traffic counts, immediate access to Metro A Line stations, and a 96 Walk Score.