5225-5227 E. 2nd Street
Retail | 7.50% CAP | 4,320 SqFt
Marketing description
Pride of Ownership Asset – Few retail investment properties come to market in coastal LA County, let alone in the highly-coveted, affluent, coastal community of Belmont Shore
Optimal Belmont Shore Location – 2nd Street is THE primary retail, shopping, entertainment, and dining destination in the trade area – the property is in the heart of Belmont Shore at the signalized intersection of 2nd Street and Corona Avenue
Strong Tenancy, Historical Occupancy – Catalyst has successfully occupied the property since 2016 and Clear Channel Outdoor, Inc. is the current tenant of the rooftop billboard which has been in-place and generating income since 1999
Early, Long-Term Lease Extensions – Catalyst Cannabis renewed its NNN leases early extending its term 10 years alongside its corporate and personal guarantees, proving the tenant’s success and long-term commitment to this location
Irreplaceable Real Estate – Belmont Shore is a fully built-out and mature coastal submarket with no new development opportunities on 2nd Street – with a rare corner location and an income generating rooftop billboard at low rent, the property is virtually irreplaceable
Affluent Coastal Demographics – More than 23,500 people in a 1-mile radius, with an Average Household Income exceeding $160,300
Seller Financing Potential – Seller financing may be available depending on deal terms and buyer profile
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