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THE CORNER OF 2ND & GRANADA 5030 E 2nd St 13 244 pi² 100% Loué Commerce de détail Immeuble Long Beach, CA 90803 5 879 407 $ CAD (443,93 $ CAD/pi²) 3,67% Taux de capitalisation
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 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.
RÉSUMÉ DE L'ANNONCE
CLICK FOR LINK TO MARKETING PACKAGE:
https://teamsharpe.com/featured-listings/register-5020-5050-e-2nd-street-long-beach-ca/
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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.
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This offering represents the fee simple 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.
https://teamsharpe.com/featured-listings/register-5020-5050-e-2nd-street-long-beach-ca/
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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.
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This offering represents the fee simple 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.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Bien à usage mixte
Taille du bâtiment
13 244 pi²
Classe d’immeuble
C
Année de construction
1978
Prix
5 879 407 $ CAD
Prix par pi²
443,93 $ CAD
Taux de capitalisation
3,67%
Revenu net d’exploitation
215 892 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
1,95
Taille du lot
0,16 AC
Zonage
CL
Façade
68’ sur 2Nd St
Walk Score®
Un paradis pour un marcheur (97)
Bike Score®
Très cyclable (75)
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéro de lot | 7247-003-005 | Évaluation des bâtiments | 2 563 973 $ CAD |
| Évaluation du terrain | 1 297 341 $ CAD | Évaluation totale | 3 861 314 $ CAD |
Impôts fonciers
Numéro de lot
7247-003-005
Évaluation du terrain
1 297 341 $ CAD
Évaluation des bâtiments
2 563 973 $ CAD
Évaluation totale
3 861 314 $ CAD
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THE CORNER OF 2ND & GRANADA | 5030 E 2nd St
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