3585 N LOS COYOTES DIAGONAL Long Beach CA 90808-2404

Located in the Los Angeles, CA community of Long Beach, Los Coyotes Center is an exceptionally located neighborhood shopping center that encompasses 31,930 (approximate) square feet of GLA. The property is anchored by a 12,000 square foot JOANN Fabrics. A seasoned tenant at Los Coyotes Center since 1984, JOANN Stores has a footprint of 855 locations in 49 states, and generated 2020 revenues of approximately $2.76 Billion.

In addition, the property benefits from a diverse and e-commerce-resistant tenant mix including Baskin Robbins, Mericas Tap Room, LA Pilates, Sharrion James Hair Salon, Los Coyotes Pet Hospital, and World Power Martial Arts.

• Below-Market Rent Structures – Approximately 93% of the occupied GLA have rent structures that are below prevailing market rates for anchored shopping centers within the submarket.

• Amongst Long Beach’s Most Affluent Communities – Los Coyotes Center serves the affluent Long Beach neighborhoods of Los Altos, Eldorado Park, and El Dorado Lakes. The surrounding area has average household incomes of approximately $143,349 and $123,816 within a one and three-mile radius of the property, respectively.

• Diverse E-Commerce Resistant Income Stream – The property benefits from a diverse and e-commerce resistant tenant mix that includes bar/restaurant, fitness, arts and crafts, veterinary, pet hygiene, and personal health/care uses.

• Stabilized Investment in Vibrant Location – The property is currently 100% occupied and is positioned in a healthy retail submarket, with a market vacancy factor of 4% for the competitive set.

• Seasoned Tenancy – Approximately 76% of the occupied square footage has been in occupancy on/before 2016, demonstrating the long-term viability of the property’s location and tenant base.

• Secure Income Stream with National and Regional Tenancy - Approximately 61% of the occupied square footage is comprised of national and regional tenants.

• Structured NOI Growth – The income stream provides consistent NOI growth, as all tenants have structured rental increases embedded within their leases; with the majority of the tenant leases structured with 3% annual rental increases.

• Centralized High Traffic Location – Los Coyotes Center provides the rare opportunity to acquire an asset positioned along two highly traffic thoroughfares, at the convergence of Los Coyotes Diagonal and Palo Verde Ave. Both major arterials, these thoroughfares receive combined average daily traffic counts of approximately 32,000 vehicles.

• Approximately 2.5 Miles North of Long Beach State University – As an additional demand driver, the property benefits from its positioning near California State University Long Beach; with a current enrollment of approximately 39,350 students.