Grocery Anchored Investment Opportunity
Retail | 6.13% CAP | $344 Per Square Foot | 34,899 SqFt
Marketing description
Net Lease Investment Opportunity in Prime Long Beach. Situated on a multi-acre lot, this 34,899 SF neighborhood center is anchored by Smart & Final, joined by Subway and a mix of service and restaurant tenants, adjacent to Unleashed by Petco. The high-visibility property resides along Redondo Avenue, an active north-south thoroughfare, serving the surrounding densely populated residential neighborhoods of southeast Long Beach.
The high-volume sales grocery anchor attracts consistent daily consumer traffic, further complemented by a necessity-based tenant mix proven to generate repeat visits. Easily accessible with ample parking in the sprawling on-site lot, the property is a convenient retail destination, popular among area residents.
An outstanding opportunity for commercial property investors looking to add a stable, needs-based asset in an established trade area with a nationally recognized anchor, strong local demographics, and long-term upside to their CRE portfolio.
Investment highlights
- $344 Per Square Foot
- Established Grocery Anchor with Strong Sales
- Below Market Rents
- 34,899 SF neighborhood shopping center in Prime Long Beach
- Smart & Final anchor bolstered by Subway and a Mix of Service + Restaurant Tenants
- Shadow Anchored by Petco Unleashed
- Great visibility location along Redondo Avenue, a primary north-south thoroughfare
- Serves densely populated surrounding residential community
- Grocery anchor and necessity-based tenant mix proven to generate consistent repeat visits
- Convenient access with ample on-site parking
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