Long Beach, CA - Socal Retail Strip Center

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, multi-tenant retail strip located at 3401 Cherry Avenue in Long Beach, California. The property is NNN-leased to a complementary mix of neighborhood-serving tenants including Donut Island, Pita Pitaki, Aki Sushi, and Junior Mex, providing stable in-place cash flow and a diversified rent roll. The property has a 4.2-year weighted average lease term (WALT), reducing the risk of near-term rollover. The Leases are structured as NNN in nature, reducing the risk of expense leakage for a future investor.

The subject property is located along Cherry Avenue, a primary commercial corridor serving Long Beach, the asset is near the signalized intersection with E Wardlow Road with traffic counts of 38,300 VPD (Cherry Ave) and 20,600 VPD (E Wardlow Rd). The property also benefits from immediate access to the San Diego Freeway / Interstate 405 (252,000 VPD), providing strong regional connectivity and consistent commuter traffic. The asset is positioned within an established, dense infill retail corridor and is surrounded by a strong mix of national/credit tenants and major regional shopping destinations including Walmart Supercenter, Kohl’s, Target, Costco, Home Depot, Ross Dress for Less, Best Buy, Petco, Staples, CVS, Walgreens, and Dollar Tree, further increasing consumer traffic to the site. Additionally, the property is in close proximity to Long Beach Airport and the broader Lakewood / Signal Hill retail node, which serves as a major employment and commercial hub for the trade area. The surrounding trade area is supported by strong demographics with approximately 598,623 residents within 5 miles and an average household income of $111,892 within 3 miles ($148,152 within 1 mile), providing a solid consumer base to support long-term tenant performance.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002LCg9YAG