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Popeyes | 12Y NNN Lease | 163-Unit Operator 12622 Long Beach Blvd 2,420 SF Retail Building Lynwood, CA 90262 $4,437,090 CAD ($1,833.51 CAD/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Corner Location with Exceptional Visibility | Strategically Positioned at the Intersection of Long Beach Blvd and Orchard Ave (33,500 VPD)
- Fee-Simple Ownership | Zero Landlord Responsibilities
- Attractive Rental Increases of 10%/5-Years (Next Increase in 2027)
- High-Traffic Retail Corridor | One Block from High Performing Walmart Supercenter (2.9 Million Annual Visitors)
- 12yrs Remaining on Absolute-NNN Lease (163-Unit Operator)
EXECUTIVE SUMMARY
Originally constructed in 2017 and renovated in 2020, the ±2,420-square-foot building sits on a ±0.48-acre hard-corner parcel with strong visibility at the signalized intersection of Long Beach Boulevard and Orchard Avenue. Located just one block from a Walmart Supercenter that draws nearly 3 million visitors annually, the site benefits from significant foot traffic and over 33,000 vehicles per day on Long Beach Blvd alone.
The subject property is situated within the dense Los Angeles MSA, surrounded by over 850,000 residents within a five-mile radius and exceptional daytime population metrics. This corridor continues to attract national QSR and retail tenants given its high barrier to entry, built-in traffic drivers, and strong demographic profile. With a proven operator, reliable income, and long-term upside, this offering presents a rare opportunity to acquire a passive, well-located asset in one of the most desirable markets in the country.
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
- Monument Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Jun 2037
Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | Jun 2037 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6177-003-040 | Improvements Assessment | $2,033,926 CAD |
| Land Assessment | $3,402,674 CAD | Total Assessment | $5,436,601 CAD |
PROPERTY TAXES
Presented by
Popeyes | 12Y NNN Lease | 163-Unit Operator | 12622 Long Beach Blvd
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