New Listing – Large Retail Building in the Heart of Long Beach

New Listing – Large Retail Building in the Heart of Long Beach

Brett Lyon and Woody Stahl of Lyon | Stahl are pleased to present 2191 N Lakewood Blvd, a large retail space in Long Beach!


7% Cap Rate – Offered at $6,000,000


This building is located at the signalized intersection of N Lakewood Blvd and E Stearns St on a 37,900 sq ft lot, with 39 free surface parking spaces. The property has fantastic in-place income from its two tenants, and currently has a 10-year NNN lease with the Fortune 500 company Dollar Tree. The other tenant, JAD Enterprises – a Cannabis Dispensary, is on a modified gross lease and pays 100% of its utilities. In total, these retail spaces generate annual gross rents of $458,320. At a 7% CAP rate, this is an incredible investment opportunity for anyone looking to maximize cash flow and acquire property in the beautiful city of Long Beach!

 

Investment Highlights: 

● Corner Lot Retail Space at Signalized Intersection | High Traffic Volume – Over 32,000 Daily
● Includes 39 Free Surface Parking Spaces | Total Rentable Building Size of 17,810
● Dollar Tree NNN Tenant With 10-Year Lease Term
● JAD Enterprises (Cannabis Cultivation) | Modified gross paying 100% utilities
● JAD is Approved for Licensing and Permitting | Set to Open Q1 of 2019
● Strong Cash Flow – 7% CAP Rate

 

For more information on this property: 

Download the marketing package here
View the listing here
• Contact [email protected] – (424) 781-3804