United Pacific: Long Beach, CA 3631 Santa Fe Ave
1,386 SF Retail Building Long Beach, CA 90810 $2,173,913 ($1,568/SF) 5.75% Cap Rate
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INVESTMENT HIGHLIGHTS
- The site is subject to a ±9.4-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
- Operating history of over 68 years.
- Irreplaceable location with high barriers to entry for new gas competitors.
- Infill location with strong underlying intrinsic value.
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 1,386 SF United Pacific fuel and convenience store located on .27 acres in Long Beach, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±9.4-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,386 SF
Building Class
B
Year Built
1956
Price
$2,173,913
Price Per SF
$1,568
Cap Rate
5.75%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.27 AC
Zoning
LBCNA - Commercial
Parking
4 Spaces (3.34 Spaces per 1,000 SF Leased)
Frontage
113 FT on Santa Fe
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
Parcel Number | 7317-006-026 | Improvements Assessment | $214,439 |
Land Assessment | $1,179,420 | Total Assessment | $1,393,859 |