For Sale
$6,000,000

5225 2Nd StLong Beach, CA 90803

Prime Coastal Location, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
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
5225 2Nd St, Long Beach, California

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5225 2Nd St
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