221-229 W Anaheim St
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221-229 W Anaheim St
7,070 SF 100% Leased Retail Building Wilmington, CA 90744 For Sale
Investment Highlights
- Exceptional visibility and high traffic count
- Tenant's proven success - Speedy cash has been operating since 2013
- Proximity to Long Beach port and 100 freeway
- Dense population in a prime business neighbors
- Upside opportunity
Executive Summary
Prime Investment Opportunity for triple net leased retail
• Exceptional visibility and high traffic count - This prime corner lot, located intersection of W Anaheim St and N Fries Ave, offers great visibility and high traffic count. Retail business owners have found this location attractive due to it prominent exposure and steady stream of potential customers.
• Prime business neighbors – Located across from well-known national chains such as Food for Less, El Super, Chase, Wells Fargo, Yoshinoya, etc., this spot enjoys the added draw of high traffic neighbors.
• Tenant’s Proven Success - One of the current tenants, Speedy Cash has been operating at this location since 2013. Despite undergoing multiple mergers and location consolidation, they have exercised their lease extension twice. Its longevity has proven the location’s attractiveness and robust business potential.
• Upside opportunity – The remaining term on the current leases provides the new owner with a value-added opportunity to adjust the rent to the market rate.
• Proximity to Long Beach Port – Long Beach Port is one of the largest ports in North America. This prime location will continue to benefit from the area’s dense population and economic activity.
• Exceptional visibility and high traffic count - This prime corner lot, located intersection of W Anaheim St and N Fries Ave, offers great visibility and high traffic count. Retail business owners have found this location attractive due to it prominent exposure and steady stream of potential customers.
• Prime business neighbors – Located across from well-known national chains such as Food for Less, El Super, Chase, Wells Fargo, Yoshinoya, etc., this spot enjoys the added draw of high traffic neighbors.
• Tenant’s Proven Success - One of the current tenants, Speedy Cash has been operating at this location since 2013. Despite undergoing multiple mergers and location consolidation, they have exercised their lease extension twice. Its longevity has proven the location’s attractiveness and robust business potential.
• Upside opportunity – The remaining term on the current leases provides the new owner with a value-added opportunity to adjust the rent to the market rate.
• Proximity to Long Beach Port – Long Beach Port is one of the largest ports in North America. This prime location will continue to benefit from the area’s dense population and economic activity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,070 SF
Building Class
B
Year Built
1978
NOI
$169,742
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
C2 - Neighborhood commercial.
Parking
20 Spaces (2.83 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
- Air Conditioning
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 7416-032-043 | Improvements Assessment | $1,015,121 |
Land Assessment | $1,729,053 | Total Assessment | $2,744,174 |
PROPERTY TAXES
Parcel Number
7416-032-043
Land Assessment
$1,729,053
Improvements Assessment
$1,015,121
Total Assessment
$2,744,174
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221-229 W Anaheim St
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