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31877090
31877089

850 LONG BEACH BLVD, LONG BEACH, CA 90813

EC
CA CA 01811246
Kidder Matthews
Listed by Kidder Matthews
$3,100,000
51 days on market
Updated 51 days ago

Single Tenant NNN | Ambitions of California 30+ Locations

Details
APN 7273-017-026
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 7,900
Units 1
Cap Rate 5.75%
NOI $178,364
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Price per SqFt $392
Year Built 1973
Stories 1
Lot Size (SqFt) 14,997
Zoning PD-29
Ground Lease No

100% Leased to Regional Tenant

Marketing description

Kidder Mathews is pleased to present 850 Long Beach Blvd, Long Beach, CA 90813. This offering is a single-tenant, absolute NNN investment located at 850 Long Beach Blvd in Long Beach, California, leased to Ambitions California, Inc., a long-standing, multi-state operator of licensed adult day care and behavioral health programs. Ambitions California, Inc., a member of the Ambitions, Inc. group, is a proven provider of adult day-programs & community-based residential services for adults with developmental disabilities. With operations spanning California, Washington and Idaho, the organization brings scale, regulatory competence, & a diversified footprint. The Long Beach location sits within this robust platform, providing investors with a lease backed by a mission-driven, multi-state operator with decades of experience. Backed by a 30+ year operating tenant with a multi-state footprint across California, Washington, & Idaho, this offering delivers durable, bond-like cash flow today with built-in rent growth, combined with the embedded land value & future redevelopment potential sought by long-term investors in core Southern California markets. The current Lease expires in 2030 and has 3% annual rent escalations and an absolute NNN lease structure. There is future flexibility positioning the asset as a covered land investment in a dense, transit-oriented urban corridor with PD-29 zoning. The 7,900 SF single-story masonry building is situated on a 0.34-acre corner lot with 100 feet of frontage along Long Beach Blvd, benefitting from strong visibility, 18,389+ daily traffic counts, immediate access to Metro A Line stations, & a 96 Walk Score.

Investment highlights

CAP RATE PROGRESSION 2026

2026 Year 1 5.75%

2027 Year 2 6.08%

2028 Year 3 6.10%

2029 Year 4 6.28%

2030 Year 5 6.47%

INVESTMENT HIGHLIGHTS Leased to Ambitions California, Inc. | Mission-critical use leased to ±30 year, multi-state healthcare & community services provider

3% annual increases

Covered land play with transit-oriented zoning PD-29

Healthcare-anchored corridor near major hospitals & service providers

Gated & secured with 18 parking spaces

Strong frontage and signage potential along Long Beach Blvd

Listing Contacts

EC
CA CA 01811246
Kidder Matthews
Listed by Kidder Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$178,364.00
$14,863.67/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Elizabeth Clark
License
CA 01811246
Brokerage
Kidder Mathews
Brokerage Phone
3107407283
Title
Senior Vice President
Brokerage Address
5 Park Plaza
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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