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Stitches Vet Surgery | New 10.5yr Abs NNN 2211 N Bellflower Blvd

8,808 SF Retail Building Long Beach, CA 90815 $6,357,000 ($722/SF) 5.75% Cap Rate

Investment Highlights

  • Brand New 10.5 Year Lease | Options To Extend | Annual Increases |Southern California Asset | High Barriers To Entry
  • Dense Retail Corridor | Near I-405 (300,000 VPD) | National Tenants Across From Los Altos Shopping Center (6.1M+ Visits)
  • Strong Demographics In 5-Mile Trade Area | Los Angeles MSA
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Proximity To Downtown Long Beach | Long Beach Airport |California State Long Beach (39,000 Students)

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, Stitches Veterinary Surgery Corp investment property located in Long Beach, California. The tenant recently signed a brand new 10.5 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,808 SF
Building Class
C
Year Built/Renovated
1968/2024
Price
$6,357,000
Price Per SF
$722
Cap Rate
5.75%
NOI
$365,532
Tenancy
Single
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.49 AC
Zoning
CCA - Commercial
Parking
39 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
90 FT on North Bellflower Boulevar

Amenities

  • Freeway Visibility
  • Signage
Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase Bank
Bank of America
Starbucks
Jenny Craig
Trader Joe's
WW
IHOP
Hof's Hut
LA Fitness
Cyclebar
  • Listing ID: 32615940

  • Date on Market: 7/29/2024

  • Last Updated:

  • Address: 2211 N Bellflower Blvd, Long Beach, CA 90815

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