Frank Soboleske has announced the rare opportunity to acquire 2741-2743 E 4th St, Long Beach, CA. The subject property is a NNN Investment. With concerns of higher interest rates, investors have a real opportunity to maximize cash flow leveraging seller financing. More info at https://www.loopnet.com/brokerdirectory/profile/frank-soboleske/4sztr3jb
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FOR SALE NNN | Retro Row | Long
Beach, CA | 4.84% CAP | NOI $207,000
The center offers a great
synergy between tenants in
various industries such as
medical, traditional shopping
retail, and a restaurant.
The center operates on a
Triple Net lease structure as
tenants pay property taxes,
insurance, and CAM charges.
Tenants stand to benefit
from 29 parking stalls in a
parking impacted area of
Long Beach.
The property's 4.0/1,000/SF
parking ratio allows tenants
sufficient parking
accommodations for guests,
customers, and staff.
The current occupancy is
dedicated to 27% service-
oriented and 73% product-
oriented tenants.
Three tenants have recently
executed a three to five-year
lease with multiple options to
extend, proving the resilience of
the Long Beach retail market.
This stable investment
opportunity will continue to
yield future upside through
rental increases and tenant
demand in the highly sought-
out Retro Row.
Located in one of the most unique
pockets of Long Beach, known as
"Retro Row", the corridor boasts
nearly 100 independently owned
and operated stores that you
simply won't find anywhere else.
The center sits at a
signalized intersection , a
main entry point to the
Retro Row corridor.
This submarket offers close
proximity to the East Village
Arts District, Downtown Long
Beach and Belmont Shores.
Contact Us At:
https://vvrealtygroup.
com/
Beach, CA | 4.84% CAP | NOI $207,000
The center offers a great
synergy between tenants in
various industries such as
medical, traditional shopping
retail, and a restaurant.
The center operates on a
Triple Net lease structure as
tenants pay property taxes,
insurance, and CAM charges.
Tenants stand to benefit
from 29 parking stalls in a
parking impacted area of
Long Beach.
The property's 4.0/1,000/SF
parking ratio allows tenants
sufficient parking
accommodations for guests,
customers, and staff.
The current occupancy is
dedicated to 27% service-
oriented and 73% product-
oriented tenants.
Three tenants have recently
executed a three to five-year
lease with multiple options to
extend, proving the resilience of
the Long Beach retail market.
This stable investment
opportunity will continue to
yield future upside through
rental increases and tenant
demand in the highly sought-
out Retro Row.
Located in one of the most unique
pockets of Long Beach, known as
"Retro Row", the corridor boasts
nearly 100 independently owned
and operated stores that you
simply won't find anywhere else.
The center sits at a
signalized intersection , a
main entry point to the
Retro Row corridor.
This submarket offers close
proximity to the East Village
Arts District, Downtown Long
Beach and Belmont Shores.
Contact Us At:
https://vvrealtygroup.
com/