Property profile

5718 7Th St Long Beach, CA 90803

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

This exceptional restaurant opportunity is located in the vibrant Bixby Hill area of Long Beach, California. Situated within a bustling shopping center at 5718 E 7th St, 90803, this 1,440 square foot Japanese restaurant benefits from high visibility and foot traffic. The property enjoys a strategic location near major thoroughfares including East 7th Street, Pacific Coast Highway, North Bellflower Blvd, and Channel Drive, ensuring consistent customer flow. Strong co-tenancy includes Target, Starbucks, Chevron, Bank of America, and several popular eateries. The restaurant's proximity to California State University Long Beach and the Tibor Rubin VA Medical Center provides a substantial and diverse customer base. Currently operating seven days a week (11 AM to 9 PM), the restaurant boasts a 44-seat capacity, ample parking, handicapped-accessible restrooms, and a fully equipped kitchen featuring a 12-foot hood and grease interceptor. Significant investment of $400,000 in renovations was completed in February 2023, resulting in almost brand-new equipment. The lease agreement is secure until October 2029 (no renewal option). This is an asset sale

Property profile

Verified
Property type Restaurants

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Restaurant

Location

5718 7Th St Long Beach, CA 90803
Long Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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