2741 4th Street ELong Beach, CA 90814

SqFt 7,266

Description

Vinco Vinco Realty Group is pleased to present the opportunity to acquire the fee simple sale of a fully leased 7,212 square foot center in Retro Row, located in Long Beach, CA. The subject property consists of five (5) inline shopfront spaces with a diverse mix of well-established tenants. The center offers a great synergy between tenants in various industries such as medical, traditional shopping retail, and a restaurant. At this time seller is willing to carry a portion of purchase price. The center operates on a Triple Net lease structure as tenants pay property taxes, insurance, and CAM charges. Tenants stand to benefit from 29 parking stalls in a parking impacted area of Long Beach. The property’s 4.0/1,000/SF parking ratio allows tenants sufficient parking accommodations for guests, customers, and staff. The current occupancy is dedicated to 27% service-oriented and 73% product-oriented tenants. Three (3) tenants have recently executed a three (3) to five (5)-year lease with multiple options to extend, proving the resilience of the Long Beach retail market. This stable investment opportunity will continue to yield future upside through rental increases and tenant demand in the highly sought-out Retro Row. Located in one of the most unique pockets of Long Beach, known as “Retro Row”, the corridor boasts nearly 100 independently owned and operated stores that you simply won’t find anywhere else. The center sits at a signalized intersection (4th Street & Temple Avenue) , a main entry point to the Retro Row corridor. This submarket offers close proximity to the East Village Arts District, Downtown Long Beach and Belmont Shores.

Virtual Tour

Contact - Listing ID DW22161867


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Jignesh Patel

9001 Firestone Boulevard, 2nd Floor
Downey, CA 90241
Phone: 2134532572
Phone Alt: 2134532572

Property Details for 2741 4th Street E

StatusActive
Price/SqFt$591.80
SqFt 7,266
CountyLos Angeles
Year Built1992
Property TypeCommercial Sale
Property Sub TypeRetail

Local Information


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Listing Agent: Pedro Velasco, DRE #02106584 from Vinco Vinco Realty Group
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Listing Agent: Pedro Velasco, DRE #02106584 from Vinco Vinco Realty Group
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Listing Agent: Pedro Velasco, DRE #02106584 from Vinco Vinco Realty Group

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Contact - Listing ID DW22161867


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Jignesh Patel

9001 Firestone Boulevard, 2nd Floor
Downey, CA 90241
Phone: 2134532572
Phone Alt: 2134532572
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