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5246 E 2nd St
2,020 SF of Retail Space Available in Long Beach, CA 90803
Highlights
- APPROXIMATELY 2,020 SF OF RENTABLE SPACE AVAILABLE IN THE HEART OF BELMONT SHORE
- TURNKEY OPPORTUNITY
- AFFLUENT DEMOGRAPHICS
- EXCEPTIONAL EXPOSURE AND VISIBILITY
- IMMEDIATE AVAILABILITY
- HIGH FOOT TRAFFIC FROM NEIGHBORING RETAIL SHOPS
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 5246 | 2,020 SF | 10 Years | $52.68 /SF/YR $4.39 /SF/MO $567.04 /m²/YR $47.25 /m²/MO $8,868 /MO $106,414 /YR | Triple Net (NNN) |
1st Floor, Ste 5246
Seize this unparalleled opportunity to take over a premium restaurant location in Belmont Shore, currently leased by Dave’s Hot Chicken. As they move to a new nearby location to expand their footprint, they are offering to sublease this exquisitely upgraded space. The preference will be to sign a brand new lease with the Landlord. Dave’s Hot Chicken has invested over $1 million in comprehensive upgrades to create a top-notch dining environment. Improvements include new plumbing systems, a state-of-the-art HVAC system, a raised parapet for enhanced visibility, a robust shared 1,500 gallon new grease interceptor, and brand new bathrooms built from the ground up. These enhancements ensure the space meets the highest standards of operation and aesthetics. The space is being offered for $150,000 in key money, which includes all high-quality furnishings, fixtures, and equipment (FF&E). This fee is significantly below the cost of the initial buildout, providing an incredible value for a turn-key setup. The facility is equipped with a modern kitchen, featuring all the necessary appliances and a large grease trap, making it ready for immediate operation with minimal upgrades. This opportunity is ideal for a restaurateur looking to capitalize on a fully equipped, beautifully appointed location in a bustling neighborhood, allowing for quick market entry and operational continuity.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- APPROX. 2,020 SF OF RENTABLE SPACE AVAILABLE
- EXCEPTIONAL EXPOSURE AND VISIBILITY
- TRAFFIC COUNT ON 2ND: 33,500 ADT
- UNIQUE WALKING, DINING AND SHOPPING DESTINATION
- HIGH FOOT TRAFFIC FROM NEIGHBORING RETAIL SHOPS
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 5246 E 2nd St , Long Beach, CA 90803
| Property Type | Retail | Gross Leasable Area | 2,020 SF |
| Property Subtype | Restaurant | Year Built/Renovated | 1936/1989 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,020 SF |
| Year Built/Renovated | 1936/1989 |
About the Property
* Seize this unparalleled opportunity to take over a premium restaurant location in Belmont Shore, currently leased by Dave’s Hot Chicken. As they move to a new nearby location to expand their footprint, they are offering to sublease this exquisitely upgraded space. The preference will be to sign a brand new lease with the Landlord. * Dave’s Hot Chicken has invested over $1 million in comprehensive upgrades to create a top-notch dining environment. Improvements include new plumbing systems, a state-of-the-art HVAC system, a raised parapet for enhanced visibility, a robust shared 1,500 gallon new grease interceptor, and brand new bathrooms built from the ground up. These enhancements ensure the space meets the highest standards of operation and aesthetics.
- Air Conditioning
Nearby Major Retailers
-
Nathan Holthouser -
James Lehigh -
Rebecca Canalez -
Coastal Commercial Inc.
Presented by
5246 E 2nd St
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