Log In/Sign Up
Your email has been sent.
5030 E 2nd St
Long Beach, CA 90803
Fee Interest · Land For Sale
·
0.16 AC
INVESTMENT HIGHLIGHTS
- Located along iconic 2nd Street, one of Southern California’s most desirable and supply-constrained coastal retail corridors
- 17-year remaining term (through 2042) with three 5-year renewal options.
- Average Base Term Cap Rate of ±4.4% with minimum escalations to 6.19%, 7.17% and 8.32% in respective option periods.
- 100% passive ownership; lessee is responsible for all taxes, insurance, and maintenance.
- 2% annual increases during the base term, then greater of CPI or fixed rent increases at each option period.
- Current rent is significantly below market, offering strong reversionary IRR upside upon lease expiration.
EXECUTIVE SUMMARY
This offering represents the fee interest in a trophy mixed-use property along iconic 2nd Street in Belmont Shore, one of Long Beach’s most vibrant and sought-after coastal retail corridors.
The property is secured by an absolute NNN master lease providing passive, predictable income backed by a personal guaranty from a strong operator. The base term runs through 2042, with three (3) five-year options, ensuring long-term stability and significant reversionary upside.
Surrounded by national and regional retailers, boutique shops, and restaurants, the asset benefits from exceptional walkability, year-round pedestrian traffic, and affluent neighborhood demographics.
This is a rare opportunity to acquire a Belmont Shore property for only ±$320 per square foot—well below a recent $1,000+/SF sale of a comparable two-story building on 2nd Street.
Combining irreplaceable location, passive NNN income, and below-market pricing, this asset stands out as one of the most compelling long-term investment opportunities in coastal Southern California.
CLICK FOR LINK TO MARKETING PACKAGE:
https://teamsharpe.com/featured-listings/register-5020-5050-e-2nd-street-long-beach-ca/
------------------------------------------------------------------------------------------------------------------------------------------------
Diversified Subtenant Mix – Includes USPS, Sushi Nikkei, Poke Pola, and professional office tenants—offering built-in occupancy stability.
Attractive Price per Foot – Rare opportunity to acquire a Belmont Shore asset at ±$320/SF—well below a recent $1,000+/SF trade for a similar building on 2nd Street.
The property is secured by an absolute NNN master lease providing passive, predictable income backed by a personal guaranty from a strong operator. The base term runs through 2042, with three (3) five-year options, ensuring long-term stability and significant reversionary upside.
Surrounded by national and regional retailers, boutique shops, and restaurants, the asset benefits from exceptional walkability, year-round pedestrian traffic, and affluent neighborhood demographics.
This is a rare opportunity to acquire a Belmont Shore property for only ±$320 per square foot—well below a recent $1,000+/SF sale of a comparable two-story building on 2nd Street.
Combining irreplaceable location, passive NNN income, and below-market pricing, this asset stands out as one of the most compelling long-term investment opportunities in coastal Southern California.
CLICK FOR LINK TO MARKETING PACKAGE:
https://teamsharpe.com/featured-listings/register-5020-5050-e-2nd-street-long-beach-ca/
------------------------------------------------------------------------------------------------------------------------------------------------
Diversified Subtenant Mix – Includes USPS, Sushi Nikkei, Poke Pola, and professional office tenants—offering built-in occupancy stability.
Attractive Price per Foot – Rare opportunity to acquire a Belmont Shore asset at ±$320/SF—well below a recent $1,000+/SF trade for a similar building on 2nd Street.
PROPERTY FACTS
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Ground Lease (Leased Fee) | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.16 AC |
1 LOT AVAILABLE
Lot
| Price | $5,842,773 CAD | Lot Size | 0.16 AC |
| Price Per AC | $37,406,194.01 CAD |
| Price | $5,842,773 CAD |
| Price Per AC | $37,406,194.01 CAD |
| Lot Size | 0.16 AC |
PROPERTY TAXES
| Parcel Number | 7247-003-005 | Improvements Assessment | $2,534,165 CAD |
| Land Assessment | $1,282,258 CAD | Total Assessment | $3,816,424 CAD |
PROPERTY TAXES
Parcel Number
7247-003-005
Land Assessment
$1,282,258 CAD
Improvements Assessment
$2,534,165 CAD
Total Assessment
$3,816,424 CAD
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
