Long Beach Retail Investment
For Sale
Contact for pricing
2100 N Bellflower Blvd, Long Beach, CA 90815
NNN leased retail property with established tenant in prime location.
Property Size145,251 SF
Price / SF$197.64
Days on Market110
Property Features for 2100 N Bellflower Blvd
General Information
Standard status
Active
Size
145,251 SF
Total Parking Spaces
975
Property subtype
Retail
Zoning
Community Commercial Automobile-Oriented (CCA)
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$1,794,240
Building Details
Year Built
1955
Year Renovated
2025
Units
975
Tenancy
Single
Listing Agency:
CBRE - Orange County
(626) 705-8236
Listed By:
John Read · License #CA 01359444
Source:
Crexi
Added: May 13
Changed: Aug 16
Last Checked: Aug 29 at 8:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Orange County
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire a secure, single-tenant net lease (STNL) asset in Long Beach. The property is located in a retail corridor within Los Altos MarketCenter. The property is 100% leased to The Sports Basement, Inc., a California-based sporting goods retailer that operates 15 stores throughout California. Sports Basement is on a 15-year NNN lease with over 13 years of firm remaining lease term and two 5-year options to renew thereafter. The tenant is responsible for full reimbursement to landlord for property taxes and insurance as well as the Fixed CAM Costs at only $50,000 annually. The lease provides for 10% rental increases every 5 years with the next increase in November 2029. Sports Basement is located within Los Altos MarketCenter, a grocery anchored retail center with tenants such as Lazy Acres Natural Market, TJ Maxx, LA Fitness, CVS, Wells Fargo, Pet Supplies Plus, Memorial Care Medical Group, Southland Physical Therapy, IHOP, and Pick Up Stix.
Key Highlights
- Long‑term NNN lease (13+ years remaining) with established Sports Basement tenant in a premier retail corridor.
- Located in Los Altos MarketCenter, a grocery‑anchored retail center.
- Tenant covers property taxes, insurance, and $50,000 in fixed CAM costs annually.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,053,442
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$41,068,840
$41.1M
Cap Rate 7%
$29,334,886
$29.3M
Cap Rate 9%
$22,816,022
$22.8M
Market Conditions
NOI Build-Up for 145,251 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$3.14M $21.60/SF
− Vacancy
−$203.9K −$1.40/SF
EGI
$2.93M $20.20/SF
− OpEx
−$880.0K −$6.06/SF
NOI
$2.05M $14.14/SF
Area
ZIP 90815
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$41,068,840
Cap Rate 7%
$29,334,886
Cap Rate 9%
$22,816,022
Alternative Uses
Best Use
Retail
$29.33M
$25.67M – $34.22M
NOI $2,053,442 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$45.61M
$39.91M – $53.21M
NOI $3,192,640 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
564k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Shops & Services 27%
Dining 22%
Groceries 14%
Target
Superstores
160,767 visits/mo
0.2 miles
Trader Joe's
Groceries
68,977 visits/mo
0.1 miles
Five Below
Shops & Services
45,923 visits/mo
0.1 miles
T.J. Maxx
Apparel
43,265 visits/mo
0.1 miles
McDonald's
Dining
41,913 visits/mo
0.2 miles
Demographics for 90815, CA
41,837
Population
15,908
Households
2.6
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
5,893
Density / Sq Mi
$116,567
Median Household Income
$66,669
Median Earnings
$2,263
Median Rent
$890,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - NNN leased retail property with established tenant in prime location.
Where is this retail space located?
The property is located at 2100 N Bellflower Blvd Long Beach, CA.
What is the asking price?
The asking price for this property is $28,708,000.
What are key features of this property?
This property features: Long‑term NNN lease (13+ years remaining) with established Sports Basement tenant in a premier retail corridor.; Located in Los Altos MarketCenter, a grocery‑anchored retail center.; Tenant covers property taxes, insurance, and $50,000 in fixed CAM costs annually.
