Long Beach, CA - Carl's Jr.

Description:

SRS Real Estate Partners is pleased to present the rare opportunity to acquire Friendly Hills Shopping Center, a 29,654 SF, 100% leased, grocery-anchored, shopping center located in Whittier, California (Los Angeles County). The building is a historic structure that has been completely renovated with the architectural elements preserved. The center features national trophy tenants such as Aldi and BevMo, who recently signed 15-year and 12-year leases, respectively. BevMo opened for business in September 2016 and Aldi just had their grand opening in November 2016. Hiccups, a trendy Asian fusion tea house with locations across Southern California, will soon sign a brand new 10-year lease (contact Agent for more details). All tenants are under NNN leases.

The subject site is located along Pacific Coast Highway/State Highway 1 (28,000 VPD), the main north/south thoroughfare in the city of Long Beach. Nearby national/credits include Vons, Ralphs, Rite Aid, CVS, LA Fitness, Anytime Fitness, Staples, Marshalls, Ross, AutoZone, Pepboys, 7-Eleven, Starbucks, and more, further increasing
consumer traffic and crossover shopping to the trade area. The 5-mile trade area is supported by more than 514,000 residents and 234,000 employees, with an affluent average household income of $85,000.

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Listing ID: a284o000000iAtxAAE