Sports Basement 2100 N Bellflower Blvd 145,251 SF 100% Leased Retail Building Long Beach, CA 90815 $39,401,157 CAD ($271.26 CAD/SF) 6.25% Cap Rate

* Rare LA County STNL Opportunity – High-quality STNL retail assets leased to established tenants seldom come to market in Southern California, let alone in coastal and infill Long Beach, presenting an exceptional opportunity to acquire a highly secure STNL asset with a long-term NNN lease located in a premier, supply-constrained retail corridor.

* Established California Retailer – 100% leased to The Sports Basement, Inc., a California-based sporting goods retailer that has continued to grow since 1998 and now operates 15 stores throughout California, widely recognized as a top tier provider of a variety of sports, outdoor, fitness, and casual gear and apparel as well as rentals, repair services, and community spaces.
* According to Placer.ai, this Sports Basement store is ranked #2 within the chain for visits.

* Long-Term Lease – Sports Basement is on a 15-year NNN lease and has over 13 years of firm remaining lease term with 10% rental increases every 5 years and two 5-year options to renew thereafter.

* Beneficial NNN Lease and CAM Structure – The tenant is responsible for full reimbursement for property taxes and insurance as well as the Fixed CAM Costs allocated to this property per the REA, benefitting the passive nature of this investment as well as limiting future property related costs.

* Highly Invested Tenant – In addition to its long-term lease commitment, Sports Basement has invested significant capital into exterior and interior improvements for this store’s use and functionality, proving its additional commitment to this location.

* Best of Class Retail – Sports Basement is located within Los Altos MarketCenter, a best of class, grocery anchored retail center with Lazy Acres Natural Market, TJ Maxx, LA Fitness, CVS, Wells Fargo, Pet Supplies Plus, Memorial Care Medical Group, Southland Physical Therapy, IHOP, Pick Up Stix, and many more, proving the viability of this location with unsurpassed quality given Sports Basement’s improvements and its co-tenants within the center.