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2191 N Lakewood Blvd, Long Beach, CA 90815

$6,000,000

Description

Lyon | Stahl is proud to present 2191 N Lakewood Blvd, a large retail space situated in the heart of Long Beach. 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

Lyon | Stahl is proud to present 2191 N Lakewood Blvd, a large retail space situated in the heart of Long Beach. 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

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Address

  • Address: 2191 N Lakewood Blvd
  • City: Long Beach
  • State/county: CA
  • Zip/Postal Code: 90815
  • Country: United States

Detail

Updated on September 24, 2019 at 7:02 pm

  • Price: $6,000,000
  • Property Size: 17,810 Sq Ft
  • Land Area: 37,900 Sq Ft
  • Year Built: 1944
  • Property Type: Retail, NNN Retail Closings
  • Property Status: Active

Contact info

Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin
Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin

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