Shopping Neighborhood
959 E Spring St
959 E Spring St, Signal Hill, CA 90755
Listing Price: $6,200,000
Investment Overview
Marcus & Millichap is pleased to present an opportunity to acquire a fully-occupied, four-tenant NNN leased retail pad at 959-999 East Spring Street in Signal Hill, California. The property is part of the Signal Hill Gateway, a bustling commercial retail center. Anchored by a Home Depot (NAP), it features a mix of national and credit tenants, including Starbucks (999 E Spring St), Chipotle Mexican Grill (959 E Spring St), In-N Out Burger (NAP), Applebee’s (NAP), Jack in the Box (NAP), Petco (NAP), Dollar Tree (NAP), and Ross (NAP). Milano Nail Lounge part of
the offering is located at 979 E Spring St and a Bank of America ATM. The center benefits from high visibility, excellent signage, traffic and street frontage along East Spring Street and California Avenue, directly accessible from the I-405 freeway (333,800 vehicles per day). It’s approximately 0.7 miles to Long Beach Memorial Medical Center which has more than 450 beds, proximity to Long Beach International Airport and major retailers drives significant foot traffic, making it a prime location for businesses. The area is zoned for commercial use, with abundant parking and a layout designed for convenience.
The city of Signal Hill is in Los Angeles County, adjacent to Long Beach, which is the seventh largest city in California. a major industrial port, ranked second-busiest in the U.S. and tenth busiest in the world. Some of Southern California’s best attractions can be found just a few miles from the area, including the Aquarium of the Pacific, the Queen Mary, and Disneyland. Signal Hill Gateway benefits from its position in one of the most affluent and densely populated areas in Southern California.
959 E Spring St
Investment Highlights
- Anchored by Starbucks, the World's Largest Coffee Chain (±40,100 Stores) – Starbucks Benefits from a Drive-Thru Lane and is ranked in the 92% Nationwide
- Co-Anchored by Chipotle Mexican Grill, the Global Fast Casual Mexican Food – Chipotle benefits from multi-tenancy and is ranked in the 88% Nationwide
- 100% Occupied: Stable cash flow from established national and regional tenants with minimal landlord responsibilities
- The Subject Property has approximately 240K visitors and over 886K visits in the last 12 months
- Freeway Accessibility: Direct access to I-405 (333,800+ VPD)
- Starbucks and Bank of America recently renewed their Option to Extend for 5 years, and Chipotle renewed with a 10-year extension showing commitment to the site
- High-Quality Construction - The Subject Property is an Out Parcel to a Power Center which includes Home Depot (NAP), Dollar Tree (NAP), Ross Dress for Less (NAP), Petco (NAP), In N Out (NAP), Applebee's Grill & Bar (NAP) and Jack in the Box (NAP)
- Both Starbucks and Chipotle Mexican Grill benefit from outdoor patios.
Exclusively Listed By
Financing By
Listing Price: $6,200,000
Investment Highlights
- Anchored by Starbucks, the World's Largest Coffee Chain (±40,100 Stores) – Starbucks Benefits from a Drive-Thru Lane and is ranked in the 92% Nationwide
- Co-Anchored by Chipotle Mexican Grill, the Global Fast Casual Mexican Food – Chipotle benefits from multi-tenancy and is ranked in the 88% Nationwide
- 100% Occupied: Stable cash flow from established national and regional tenants with minimal landlord responsibilities
- The Subject Property has approximately 240K visitors and over 886K visits in the last 12 months
- Freeway Accessibility: Direct access to I-405 (333,800+ VPD)
- Starbucks and Bank of America recently renewed their Option to Extend for 5 years, and Chipotle renewed with a 10-year extension showing commitment to the site
- High-Quality Construction - The Subject Property is an Out Parcel to a Power Center which includes Home Depot (NAP), Dollar Tree (NAP), Ross Dress for Less (NAP), Petco (NAP), In N Out (NAP), Applebee's Grill & Bar (NAP) and Jack in the Box (NAP)
- Both Starbucks and Chipotle Mexican Grill benefit from outdoor patios.
Investment Overview
Marcus & Millichap is pleased to present an opportunity to acquire a fully-occupied, four-tenant NNN leased retail pad at 959-999 East Spring Street in Signal Hill, California. The property is part of the Signal Hill Gateway, a bustling commercial retail center. Anchored by a Home Depot (NAP), it features a mix of national and credit tenants, including Starbucks (999 E Spring St), Chipotle Mexican Grill (959 E Spring St), In-N Out Burger (NAP), Applebee’s (NAP), Jack in the Box (NAP), Petco (NAP), Dollar Tree (NAP), and Ross (NAP). Milano Nail Lounge part of the offering is located at 979 E Spring St and a Bank of America ATM. The center benefits from high visibility, excellent signage, traffic and street frontage along East Spring Street and California Avenue, directly accessible from the I-405 freeway (333,800 vehicles per day). It’s approximately 0.7 miles to Long Beach Memorial Medical Center which has more than 450 beds, proximity to Long Beach International Airport and major retailers drives significant foot traffic, making it a prime location for businesses. The area is zoned for commercial use, with abundant parking and a layout designed for convenience. The city of Signal Hill is in Los Angeles County, adjacent to Long Beach, which is the seventh largest city in California. a major industrial port, ranked second-busiest in the U.S. and tenth busiest in the world. Some of Southern California’s best attractions can be found just a few miles from the area, including the Aquarium of the Pacific, the Queen Mary, and Disneyland. Signal Hill Gateway benefits from its position in one of the most affluent and densely populated areas in Southern California.
Exclusively Listed By
Financing By
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