2 Locations For Sale

Kidder Mathews is pleased to present this rare purchase opportunity consisting of two single-tenant net lease properties located along 2nd Street in Long Beach, California, leased to Bank of America and U.S. Bank, both investment-grade national financial institutions.

The portfolio is anchored by a recently executed 10-year lease extension with Bank of America, secured by an absolute NNN ground lease, occupied by a flagship-quality branch location providing long-term, bond-like income. The U.S. Bank asset, also secured by an absolute NNN lease, complements the offering with stable in-place cash flow and a strong deposit to occupancy cost ratio. Both leases are corporately guaranteed, delivering durable and predictable income.

The portfolio is supported by approximately $575 million in combined branch deposits, reinforcing the strategic importance of these locations within each bank's retail network and supporting long-term tenant viability.

Located in the highly desirable Belmont Shore and Naples Island submarkets of Long Beach, the properties benefit from a supply-constrained coastal environment defined by strong demographics, high barriers to entry, consistent pedestrian activity and enduring intrinsic value. The surrounding corridor features a curated mix of national and regional retailers, boutique shops, and established dining destinations, driving year-round foot traffic.