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Pollo Loco NNN 631 Long Beach Blvd

2,515 SF Retail Building Long Beach, CA 90802 $3,495,000 ($1,390/SF) 2.80% Cap Rate

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Investment Highlights

Long Term NNN corporate lease with El Pollo Loco, Inc.
Possible future high density residential development opportunity - PD-30 zoning
Blue Metro Line station across the street

High Profile Site in Dense Retail Trade Corridor - Surrounded by other national retail tenant’s near-by
2 years remaining on current lease with 3-5 year options
Blocks from city center and beach

Executive Summary

Prime investment opportunity. NNN ground lease with a national tenant for over 20 years. 2 years remaining on the current lease with 3- 5 year options remaining. 23% fixed increase in rent on next option. Possible high density residential development site, zoned LBPD30.

631 Long Beach Blvd Flyer

Property Facts

Sale Type

Investment NNN

Sale Condition

Ground Lease (Leased Fee)

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,515 SF

Building Class

Year Built

1969

Price

$3,495,000

Price Per SF

$1,390

Cap Rate

2.80%

NOI

$98,035

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

0.54 AC

Opportunity Zone

Yes

Zoning

LBPD30 - Purposes of the planned development district include permitting a compatible mix of land uses, encouraging a variety of housing styles and densities.

Parking

20 Spaces (7.95 Spaces per 1,000 SF Leased)

Frontage

184 FT on Long Beach Blvd