United Rentals NNN Investment
2635 E South St, Long Beach, CA 90805
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NNN leased United Rentals in Long Beach, California.
Type:Industrial
Property size:
3,000 SFPrice / SF:
$2,433/SF- Added:
- Oct 4, 2023
- Days on Market:
- 953
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 2635 E South St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1976
Listing agent Max Finn License #UT 12066979-SA00
Listing office SRS Real Estate Partners Salt Lake City (570) 762-6075
Listing date Oct 4, 2023
Source Crexi
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 SRS Real Estate Partners Salt Lake City
HighLights
- NNN Lease with Zero Landlord Responsibilities: Ideal for passive income.
- Strong Tenant: United Rentals with over 4.5 years remaining on the lease and 3 (5‑year) options to extend.
- Annual Rental Increases: Lease features 2.5% annual rental increases.
- High‑Traffic Location: Situated at a signalized hard corner with 56,400 vehicles passing daily and near State Hwy 91 (277,000 VPD).
- Proximity to Major Retail: Located near Lakewood Center Mall (2,070,000 SF) and other national retailers.
- Affluent Demographics: 5‑mile trade area with 674,000+ residents, 236,000+ employees, and an average household income of $105,046.
Overview
The property is a NNN leased United Rentals investment property 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. The lease is NNN with zero landlord responsibilities. 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. The 5-mile trade area is supported by more than 674,000 residents and 236,000 employees. Residents within a 5-mile radius of the subject property boast an affluent average household income of $105,046. The property size is 3,000 square feet.
Location Intelligence
Current Use by Public Records
United Rentals
Car Rental Facility
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.161627
- Latitude
- 33.860594
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FAQs
What type of property is this?
NNN property - NNN leased United Rentals in Long Beach, California.
Where is this nnn property located?
The property is located at 2635 E South St Long Beach, CA.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: NNN Lease with Zero Landlord Responsibilities: Ideal for passive income.; Strong Tenant: United Rentals with over 4.5 years remaining on the lease and 3 (5‑year) options to extend.; Annual Rental Increases: Lease features 2.5% annual rental increases.
