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5117 Atlantic Ave
Long Beach, CA 90805

Price Reduction - Dollar Tree · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
21,779 SF
Building Class
C
Year Built/Renovated
1955/2019
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
1.25 AC
Zoning
LBCCA
Parking
45 Spaces (2.07 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

About 5117 Atlantic Ave , Long Beach, CA 90805

Marcus & Millichap has been selected to exclusively to market for sale Dollar Tree, a 13,000 square foot single tenant NNN lease building located at 5117 Atlantic Avenue in Long Beach, CA. Dollar Tree is currently on a NNN basis through 2025. Dollar Tree is ideally located on Atlantic Avenue, one of the main thoroughfares through Long Beach. The subject property benefits from excellent street frontage on Atlantic Avenue, abundant parking, a dense immediate population, and high daily traffic rates. Dollar Tree Plaza is located in close proximity to major national retailers including Aldi, CVS, Vons, Marshalls, and Jack in the Box. Dollar Tree recently signed a brand new 10 year lease in January 2015. The lease is backed by a corporate guarantee with Dollar Tree. Dollar Tree has rental increases every five years, and two, five year options to extend the lease. Dollar Tree offers an investor investment grade credit with a Standard & Poors BB+ rating, thus offering an investor a stable and secure income stream. Dollar Tree has over 14,330 locations in US and Canada, and is a publicly traded company trading under DLTR. Dollar Tree recently acquired Family Dollar in 2015, creating the largest dollar store chain nationwide.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7130-010-017
Land Assessment
$3,952,500
Improvements Assessment
$2,422,500
Total Assessment
$6,375,000
  • Listing ID: 9512299

  • Date on Market: 10/10/2017

  • Last Updated:

  • Address: 5117 Atlantic Ave, Long Beach, CA 90805

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