For Sale
$1,750,000

805 Willow St Long Beach, CA 90806

7,782 SF Convenience Store, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
135
This 7,782 square foot convenience store in Long Beach, CA, is offered at a reduced price of $1,750,000. Located on a high-traffic corner with excellent visibility near the 710 Freeway, this single-tenant property boasts an absolute NNN lease, meaning the tenant covers all expenses (taxes, insurance, and maintenance). The long-term tenant, a dollar store operating successfully for over 15 years, currently pays below-market rent, presenting significant upside potential. Lease comparables are available upon request. This property is an excellent 1031 exchange opportunity. Situated in West Long Beach's diverse neighborhood, with a strong Asian presence, particularly the Filipino community, this location benefits from high foot traffic and strong local demographics. The tenant may vacate at the close of escrow, presenting an owner-user opportunity. The property's original asking price was $1,850,000. The building is situated in a high-traffic area just off the 710 Freeway, offering exceptional visibility and accessibility. The property's strong tenant history and favorable lease terms make it an attractive investment opportunity.

Highlights

  • Reduced price: $1,750,000 (previously $1,850,000).
  • Excellent 1031 exchange opportunity.
  • Absolute NNN lease; tenant pays all expenses (taxes, insurance, maintenance).
  • Long-term, recession-resistant dollar store tenant (15+ years).
  • Below-market rent with significant upside potential; lease comparables available.
  • High-visibility corner location near the 710 Freeway in West Long Beach, CA.

Property Details for 805 Willow St

Property type
Retail properties, Retail space
Square Feet
7,782 SF

Location Insight

City
Long Beach
County
Los Angeles
State
California
Latitude
33.804459544291
Longitude
-118.2013147895

FAQs

What type of property is this?
Retail property - 7,782 SF Convenience Store, NNN Lease
Where is the retail property located?
The property is located at 805 Willow St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Reduced price: $1,750,000 (previously $1,850,000).; Excellent 1031 exchange opportunity.; Absolute NNN lease; tenant pays all expenses (taxes, insurance, maintenance).
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.
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805 Willow St
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