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631 Long Beach Blvd Long Beach, CA 90802

For Sale
$3,800,000

Long-term absolute NNN ground lease in a dense retail corridor.

Building Details

Year built
2001

Source: George Bustamante Agent George Bustamante

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Long Beach NNN Investment Opportunity

This property features a long-term absolute NNN ground lease with fixed increases and three remaining options. The original lease term was 20 years. There are no landlord obligations to maintain the land or building, offering a hands-off investment. The property is located in a dense infill location in Long Beach, with a population of over 70,100 within a 1-mile radius and 408,000 within a 5-mile radius. It is situated in a dense retail corridor near tenants including McDonalds, Carl's Jr., Taco Bell, and Denny's. The location is near major employment centers, with approximately 165,000 daytime employees within a 5-mile radius, and in close proximity to Long Beach International Airport. The property underwent a renovation in 2022, featuring the latest El Pollo Loco prototype. It includes a dedicated drive-thru.
Insight Report Location Intelligence

Current Use by Public Records

El Pollo Loco Mexican Restaurant The Frenzy Paving Materials Supplier

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Long Beach
County
Los Angeles
State
California
Longitude
-118.1899847
Latitude
33.7748213

FAQs

What type of property is this?
Drive through restaurant - Long-term absolute NNN ground lease in a dense retail corridor.
Where is this drive through restaurant located?
The property is located at 631 Long Beach Blvd Long Beach, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: - Long-Term Absolute NNN Ground Lease: Original 20-year lease with fixed increases and three remaining options.; - Hands-Off Investment: No landlord responsibilities, ideal for passive investors.; - Dense Infill Location: High population density in a strong retail corridor.
More about this property
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