Published on: Monday, December 30, 2024
Updated on: Monday, December 30, 2024
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About the Lister
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Name: Max Finn
Company: SRS Real State Partners
Office Phone:  
Cell Phone: (801) 305-3017
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  Long Beach, CA - United Rentals
2635 E South St Long Beach California , 90805
2635 E South St Long Beach California                                                                                          , 90805  SRS Real State Partners
Listing ID: CL-California-13421

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.91
Net Operating Income: $504,300.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-California-13421
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 1976
Building Size: 3,000.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: 118
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Attached Documents
Listing Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, United Rentals investment property located in Long Beach, California.
Complete Details
Year Build: 1976
Building Size: 3,000 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: 118
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Description: SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, United Rentals investment property located in Long Beach, California. The tenant, United Rentals, has over 4.5 years remaining on their lease term with 3 (5-year) options to extend. The lease features 2.5% annual rental increases during the initial term and option periods, growing NOI and hedging against inflation. The lease is NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Location: The subject property is located at the signalized, hard corner intersection of E. South St and Paramount Blvd with a combined 56,400 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to State Hwy 91, a major thoroughfare averaging over 277,000 vehicles per day. The asset is ideally situated in close proximity to Lakewood Center Mall, a 2,070,000 SF regional mall anchored by Target, Costco, Home Depot, Macy’s, Dollar Tree, Albertson’s and many more. Other nearby national/credit tenants include Target, Starbucks, McDonald’s, Walmart Supercenter, PetCo, CVS Pharmacy, Michaels, Wendy’s and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by more than 674,000 residents and 236,000 employees, providing a direct consumer base from which to draw. Residents within a 5-mile radius of the subject property boast an affluent average household income of $105,046.
Additional Properties
Features
  • Lot Size (acres): 1.73
  • Rent Bumps: 2.5% Annual Increases Throughout Initial Term & Options Thereafter
  • APN: 7119-019-008 & 7119-019-009
  • Investment Type: Net Lease - Lease Type: NNN
Listing Location
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Created On: 12/30/2024
Modified On: 12/30/2024
4027 S Wells Street , Chicago Illinois                                                                                             60609
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Listing ID: CL-Tennessee-13419
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Modified On: 12/30/2024
4521 Bristol Hwy , Piney Flats Tennessee                                                                                            37686
Address: 28067 CA-74 , Menifee California 92584
Listing ID: CL-California-13418
Listing Type: Commercial
Category: Land - Commercial
Status: Accepting Offers
Created On: 12/30/2024
Modified On: 12/30/2024
28067 CA-74 , Menifee California                                                                                           92584