Investment Overview

Marcus & Millichap is pleased to present the sale of 404 Redondo Avenue, Long Beach, California. This property is being offered as a Single-Tenant Net Leased (STNL) investment opportunity occupied by a regional Cannabis Dispensary operation doing business as HAVEN. HAVEN currently operates three locations in Long Beach, CA and three other locations in Southern California with plans of opening eight other dispensaries in California. HAVEN Dispensaries are committed to ensuring a clean, safe, modern, and well-maintained operation that strives to achieve high customer loyalty. The property located at the northeast intersection of Redondo Avenue and E 4th Street in Belmont Heights a district in the south-east portion of the City of Long Beach, central to the Pacific Ocean, Belmont Shores and Downtown Long Beach. The property is zoned LBCNR. Walk Score 95 - The Property is located with in a 5-minute walk (1/2 mile) of Downtown Long Beach, Long Beach Convention Center, Anaheim Beach, Shoreline Village and the surrounding Waterfront, as well as the neighboring East Village Arts District and 4th Street Retro Row. Transit Score 66 - The Property is a 5-minute walk (1/2 mile) proximity to the Metro Blue Line and enjoys easy access to the Interstate (710) Freeway for connections throughout Southern California. Also, the property enjoys five different local and regional bus line stops within a 1/2 block. Long Beach Airport is also 5.4 miles away. Bike Score 91 - Downtown Long Beach enjoys an existing network of Bike Paths, Protected Bike Lanes and Street Painted Bikes Lanes. Additionally, from Alamitos Bay to Shoreline Village residents and visitors alike enjoy a 3.1mile beach trail bike path.