Investment Overview

Marcus & Millichap is pleased to present this tremendous value add shopping center opportunity in a solid Long Beach/Lakewood location. The center is located on one of Long Beach’s busiest throughfares, South Street, and just off the intersection of Downey Ave./South Street. The property has over 200 Feet of frontage along South St., and traffic counts exceed 30,000 cars per day. The location affords easy access to the 91, 710, 405, and 605 freeways, as well as being just minutes from the Long Beach Airport. The property is surrounded by very dense housing communities on all sides with over 687,000 residents within 5 miles. The average household income is over $89,000 annually. The center was built in 1965 and consists of 26,586 situated on a 60,000 square foot lot. There are 63 parking spots on the property itself with a Parking Agreement with the neighboring property, AMVET THRIFT STORE, that provides an additional 66 parking spaces for the subject property to use 7 days a week from 5:00 PM till 5:00 PM, 7 days a week. The parking agreement runs with the land, requires no payments to adjacent landlord, and affords the subject properties largest tenant, Cowboy Country, over 120 Parking spaces to use during their open hours of 6 PM till 2 AM