Dollar Tree, Petco, Ross 3075 California Ave, Signal Hill, CA Cap Rate 6.01% Signal Hill ( California, US ) Built

$16,125,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 56,460 sq. ft.
  • Development Level: Built
  • Lot Size: 6.72 acres
  • Year Built: 2004

Description

Dollar Tree, Petco, Ross 3075 California Ave, Signal Hill, CA Cap Rate 6.01%

Cap Rate: 6.01%
NOI: $968,386
Building Size: 56,460 sqft
Lot Area: 6.72 acres
Year Built: 2004

Price: $16,125,000 USD

DESCRIPTION
Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest (land & building) in the three-tenant, corporate guaranteed, NNN leased Ross Dress for Less, Petco, and Dollar Tree Junior Anchors of Signal Hill Gateway, a dominant Home Depot anchored community center in Signal Hill (Long Beach), CA. The property boasts three of the highest performing retailers in the Country, all of whom are paying below market rent, presenting an investor a unique opportunity to potentially increase net operating income by nearly 40% through retenanting.
Signal Hill Gateway is home to an unparalleled tenant roster of top industry anchor and daily-needs tenants including Home Depot, Starbucks, Chipotle, In-N-Out, and Jack in the Box, driving extremely high crossover foot traffic to the subject property. The property enjoys excellent signage, street frontage along California Avenue and East Spring Street, and multiple monument signs visible from one of the busiest freeways in Southern California, I-405 (303,858 VPD).

Long Beach, CA, the seventh-largest city in California, is situated on San Pedro Bay, south of Los Angeles, in Los Angeles County. With over 5,000 residential units planned or under construction, Downtown Long Beach has become one of Southern California’s prime real estate markets. It is also a major industrial port, ranked second-busiest in the U.S. and tenth-busiest in the world. Some of Southern California’s best attractions can be found just a few miles from the area, including the Aquarium of the Pacific, the Queen Mary Oceanliner, and Disneyland. Signal Hill Gateway benefits from its position in one of the most affluent and densely populated areas in Southern California. Nearly 591,800 people with an average income of over $89,106 reside within 5 miles of the property and the high-income areas of Rancho Palos Verdes and Belmont Shore are just a short drive from the center.

HIGHLIGHTS
• 100% National, credit tenants | Daily needs uses | strong brand recognition
• Close Proximity and ease of access to major traffic drivers
• Ease of Management | NNN Leases
• Irreplaceable southern California urban infill location | Strong Demographics
• Strong value add potential | Below market rents

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#439002881
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Information is deemed to be correct but not guaranteed.