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Vons - Long Beach, CA

$28,850,000

600 East Broadway, Long Beach, CA 90803

Active
Last Updated: 03/04/2025

5.25

Cap Rate

1,514,672

NOI

Details:
Cap Rate:    5.25%
NOI:    $1,514,672
Building Size:    49,513 sqft
Lot Area:    1.38 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2010
Tenancy:    Single
Parking Spots:    182
Lease Expire Year:    10/31/2037
Highlights:
  • STRONG CORPORATE GUARANTY - Corporate backed lease with a guaranty from Albertsons Companies, Inc., one of the largest food and drug retailers in the United States.
  • EXCEPTIONAL SALES - This Vons boasts incredible sales volume at $841 PSF.
  • ZERO MANAGEMENT - Long-term absolute NNN lease provides a passive source of income with no management responsibilities and rent increases every 5 years.
  • NOT ON DIVESTURE LIST - The other Vons location in Long Beach was on the divesture list, and this Vons was not on the list, providing it's the superoir location.
  • COASTAL SOUTHERN CALIFORNIA - Located only 6 blocks from the beach in the heart of the high-barrier to entry market of downtown Long Beach. Densely populated area with 225,319 people in a three-mile radius and 6 million visitors every year.
Map:
Documents:
Title
Vons_Long_Beach_-_Colliers_OM.pdf
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Location
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