Long Beach, CA - Chick-fil-A

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire a leased fee (land ownership) absolute NNN leased, Chick-fil-A investment property located in Long Beach, California. The tenant, Chick-fil-A, Inc has 13 years remaining on their lease with 7 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Chick-fil-A is located along the heavily trafficked, signalized intersection of Atlantic Avenue and East 33rd Street, with a combined traffic count of approximately 33,500 vehicles per day. Atlantic Avenue serves as one of the primary north-south retail arteries through Long Beach, providing direct access to Interstate 405 (300,000 VPD). The property is an outparcel to a Target-anchored shopping center that also features national and credit tenants such as Ross Dress for Less, Petco, Best Buy, and The Home Depot. In addition, the site is surrounded by numerous major retailers including Costco, ALDI, Marshalls, Vons, and Walgreens, further driving consistent consumer traffic to the corridor. The asset benefits from its strategic infill location within the Bixby Knolls submarket, one of Long Beach’s most established and desirable neighborhoods. The 5-mile trade area boasts a population exceeding 588,000 residents with an average household income of approximately $115,000, supporting strong year-round retail demand.

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Listing ID: a28TP000001rM53YAE