For Sale
$6,000,000

5225 2Nd St Long Beach, CA 90803

Prime Coastal Location, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional, stabilized retail storefront investment opportunity in Long Beach, CA's coveted Belmont Shore offers a compelling combination of strong tenancy, irreplaceable location, and significant upside potential. The property, encompassing 4,320 square feet across two addresses (5225-5227 E 2nd St), sits on a 0.1-acre lot at a signalized intersection, maximizing visibility and foot traffic. Built in 1948, the single-building property boasts 100% occupancy with a long-term, recently extended (10-year) NNN lease in place, featuring corporate and personal guarantees. The tenant, Catalyst, has occupied the space since 2016, demonstrating a strong commitment to the location. Further enhancing the investment's appeal is an income-generating rooftop billboard leased to Clear Channel Outdoor, Inc. since 1999. The property's location within Belmont Shore, a mature and fully built-out coastal submarket, ensures its irreplaceable nature. With an asking price of $6,000,000, a net operating income (NOI) of $388,802, and a cap rate of 6.48%, this asset presents a rare opportunity to acquire a high-performing retail property in a highly desirable coastal California market. The affluent demographics, with over 24,000 residents within a one-mile radius and an average household income exceeding $158,000, further solidify the investment's long-term prospects. This is a truly exceptional opportunity for discerning investors seeking a stable, high-performing asset in a prime coastal location.

Highlights

  • Pride of ownership retail investment in Belmont Shore, Long Beach, CA.
  • Prime retail location at the signalized intersection of 2nd Street and Corona Avenue.
  • Strong, long-term tenancy with Catalyst (building) and Clear Channel Outdoor (rooftop billboard).
  • Recently extended 10-year NNN leases with corporate and personal guarantees.
  • Irreplaceable corner location in a mature market with an income-producing rooftop billboard.
  • Affluent demographics: Over 24,000 residents within one mile, average household income exceeding $158,000.

Property Details for 5225 2Nd St

Property type
Retail properties, Retail space
Square Feet
4,320 SF
Year Built
1948
Buildings
1
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Long Beach
County
Los Angeles
State
California
Latitude
33.7603284
Longitude
-118.1342577

FAQs

What type of property is this?
Retail property - Prime Coastal Location, High NOI
Where is the retail property located?
The property is located at 5225 2Nd St Long Beach, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Pride of ownership retail investment in Belmont Shore, Long Beach, CA.; Prime retail location at the signalized intersection of 2nd Street and Corona Avenue.; Strong, long-term tenancy with Catalyst (building) and Clear Channel Outdoor (rooftop billboard).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5225 2Nd St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message