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5225-5227 E. 2nd St. 2 Retail Properties Offered at $7,528,354 CAD in Long Beach, CA
INVESTMENT HIGHLIGHTS
- Pride of Ownership Asset – Few retail investment properties come to market in coastal LA County
- Strong Tenancy, Historical Occupancy – Catalyst has successfully occupied the property since 2016
- Seller Financing Potential – Seller financing may be available depending on deal terms and buyer profile
- Optimal Belmont Shore Location – 2nd Street is THE primary retail, shopping, entertainment, and dining destination in the trade area
- Early, Long-Term Lease Extensions – Catalyst Cannabis renewed its NNN leases early extending its term 10 years
- Affluent Coastal Demographics – More than 23,500 people in a 1-mile radius, with an Average Household Income exceeding $160,300
EXECUTIVE SUMMARY
* Pride of Ownership Asset – Few retail investment properties come to market in coastal LA County, let alone in the highly-coveted, affluent, coastal community of Belmont Shore
* Optimal Belmont Shore Location – 2nd Street is THE primary retail, shopping, entertainment, and dining destination in the trade area – the property is in the heart of Belmont Shore at the signalized intersection of 2nd Street and Corona Avenue
* Strong Tenancy, Historical Occupancy – Catalyst has successfully occupied the property since 2016 and Clear Channel Outdoor, Inc. is the current tenant of the rooftop billboard which has been in-place and generating income since 1999
* Early, Long-Term Lease Extensions – Catalyst Cannabis renewed its NNN leases early extending its term 10 years alongside its corporate and personal guarantees, proving the tenant’s success and long-term commitment to this location
* Irreplaceable Real Estate – Belmont Shore is a fully built-out and mature coastal submarket with no new development opportunities on 2nd Street – with a rare corner location and an income generating rooftop billboard at low rent, the property is virtually irreplaceable
Affluent Coastal Demographics – More than 23,500 people in a 1-mile radius, with an Average Household Income exceeding $160,300
Seller Financing Potential – Seller financing may be available depending on deal terms and buyer profile
* Optimal Belmont Shore Location – 2nd Street is THE primary retail, shopping, entertainment, and dining destination in the trade area – the property is in the heart of Belmont Shore at the signalized intersection of 2nd Street and Corona Avenue
* Strong Tenancy, Historical Occupancy – Catalyst has successfully occupied the property since 2016 and Clear Channel Outdoor, Inc. is the current tenant of the rooftop billboard which has been in-place and generating income since 1999
* Early, Long-Term Lease Extensions – Catalyst Cannabis renewed its NNN leases early extending its term 10 years alongside its corporate and personal guarantees, proving the tenant’s success and long-term commitment to this location
* Irreplaceable Real Estate – Belmont Shore is a fully built-out and mature coastal submarket with no new development opportunities on 2nd Street – with a rare corner location and an income generating rooftop billboard at low rent, the property is virtually irreplaceable
Affluent Coastal Demographics – More than 23,500 people in a 1-mile radius, with an Average Household Income exceeding $160,300
Seller Financing Potential – Seller financing may be available depending on deal terms and buyer profile
PROPERTY FACTS
| Price | $7,528,354 CAD | Number of Properties | 2 |
| Price / SF | $1,743 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 4,320 SF |
| Sale Type | Investment | Total Land Area | 0.20 AC |
| Status | Active |
| Price | $7,528,354 CAD |
| Price / SF | $1,743 CAD / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,320 SF |
| Total Land Area | 0.20 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5227 E 2nd St, Long Beach, CA 90803 | Retail | 2,160 SF | 1948 | - |
| 5225 E 2nd St, Long Beach, CA 90803 | Retail | 2,160 SF | 1948 | - |
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5225-5227 E. 2nd St.
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