669 Artesia BlvdLong Beach, CA 90805
- Retail properties
- 2,780 SF
Property Details for 669 Artesia Blvd
- Year built
- 2020
- Lot size
- 0.49 AC
- Property size (Sq ft)
- 2,780 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a fee-simple interest (land and building) in a 2,780 square foot, single-tenant Chase Bank property located at 669 E Artesia Blvd, Long Beach, CA 90805. The property boasts a 5.00% cap rate and a strong NOI of $198,000, with a 100% occupancy rate. Built in 2020, this one-story building sits on a 0.49-acre lot and includes 14 parking spaces. The property benefits from a prime location at a signalized intersection with high visibility and convenient access to State Highway 91 (271,000 vehicles per day) and Interstate 710. The absolute NNN lease with JPMorgan Chase Bank (S&P: A+) features a corporate guarantee and includes four 5-year and one 4-year, 11-month options to extend, ensuring long-term income stability. Rental increases of 10% every five years provide inflation protection and growing NOI. The property is part of the Uptown Commons development, surrounded by strong tenant synergy, including Target, Home Depot, and Food 4 Less. The 5-mile trade area boasts a robust population of over 684,000 residents with an average household income exceeding $105,165. This drive-thru equipped bank offers a management-free investment opportunity with significant upside potential. The property's APN is 7115-003-053 and is zoned CCA.
Location Insight
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Latitude
- 33.8748
- Longitude
- -118.185
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- 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 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 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].