For Sale
$3,666,667

12622 Long Beach BlvdLynwood, CA 90262

High-traffic Popeyes, 12.5-year lease.

Overview

Added:
Jan 24
Days on market:
71
This exceptional investment opportunity presents a 2,420 square foot, free-standing Popeyes restaurant located at 12622 Long Beach Blvd, Lynwood, CA 90262. The property sits on a 0.48-acre lot and boasts a prime corner location with exceptional visibility, averaging 33,500 vehicles daily. It benefits from its proximity to a Walmart Supercenter (2.9 million annual visitors), Rosecrans Ave (37,783 VPD), and the I-105 Freeway (225,000 VPD). The strong demographics include a 1-mile population of 43,124 and a 5-mile population of 852,530. Built in 2017 and renovated in 2020, this property is under a Net Lease (NNN) with Popeyes, a globally recognized brand, offering significant long-term stability. The lease commenced June 30, 2017, and expires May 31, 2037, with 12.4 years remaining. The lease includes 10% rent bumps every five years and four additional five-year renewal options. The current NOI is $165,000, resulting in a 4.50% cap rate. The asking price is $3,666,667. This is a turnkey investment with no landlord responsibilities, offering substantial long-term cash flow potential in a thriving Los Angeles County market.

Highlights

  • $3,666,667 asking price for a 2,420 SF retail property in Lynwood, CA.
  • Net-leased to Popeyes, with a 12.4-year remaining lease term (19.9-year initial term, expiring 05/31/2037).
  • 100% occupancy, generating $165,000 in NOI, with a 4.50% cap rate.
  • Prime corner location near a Walmart Supercenter, boasting high traffic counts and strong demographics.
  • NNN lease with 10% rent bumps every 5 years and four 5-year renewal options.

Property Details for 12622 Long Beach Blvd

Property type
Retail properties, Restaurants
Square Feet
2,420 SF
Year Built/Renovated
2017/2020
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Lynwood
County
Los Angeles
State
California
Latitude
33.911792902283
Longitude
-118.20894519979
12622 Long Beach Blvd, Lynwood, California

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12622 Long Beach Blvd
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