Shopping Strip
1002-1012 Alamitos Avenue
1002-1012 Alamitos Ave, Long Beach, CA 90813
Listing Price: $1,950,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a well-located infill retail center in the heart of Long Beach, California. Strategically positioned at a signalized hard corner with visibility to over 27,000 vehicles per day, the property offers excellent frontage, strong accessibility, and consistent foot and vehicular traffic.
The asset is anchored by a complementary mix of daily needs tenants, providing a reliable income stream with a favorable rent and CAM ratio. In-place rents average $2.45/square foot/month, reflecting healthy and sustainable levels that are considered easily replaceable in today’s leasing environment. Additionally, most leases feature annual rent increases, ensuring built-in income growth over the hold period. With a weighted average lease term (WALT) of four years, investors benefit from immediate cash flow at a 6.24 percent going-in cap rate, with upside to a 7.02 percent cap rate by 2027 through modest rent growth and tenant rollover.
Located in a dense, mature trade area, the center is supported by over 416,000 residents within a five-mile radius and boasts an average household income of $107,210 Additionally, average household retail expenditure within this radius reaches $239,585 annually, highlighting strong consumer spending and demand for essential retail services.
This offering presents an exceptional opportunity for private investors to acquire a stable, cash-flowing retail asset in a supply-constrained coastal submarket with long-term growth potential.
1002-1012 Alamitos Avenue
Investment Highlights
- Infill Long Beach Location – Street-Front Strip Center at a Signalized Hard Corner With Exposure to 27,000 Vehicles Per Day
- Attractive Entry-Level Pricing – Ideal Size and Price Point for Private Capital Investors
- Strong In-Place Cash Flow – 6.24 Percent Going-In CAP Rate With Upside to 7.02 Percent by 2027
- Staggered NNN Leases with Growth – Four-Year Weighted Average Lease Term (WALT) With Three Percent Annual Increases on Most Leases
- Essential, Service-Oriented Tenant Mix – Daily Needs Retailers With Healthy Rent and CAM Ratios
- Stable and Replaceable Rent Roll – In-Place Rents at Sustainable Market-Supported Levels
- Dense, Affluent Trade Area – 416,000+ Residents Within Five Miles and an Average Household Income of $107,210
- Strong Consumer Spending – Households in the Trade Area Spend an Average of $239,585 Annually on Retail
Exclusively Listed By
Listing Price: $1,950,000
Investment Highlights
- Infill Long Beach Location – Street-Front Strip Center at a Signalized Hard Corner With Exposure to 27,000 Vehicles Per Day
- Attractive Entry-Level Pricing – Ideal Size and Price Point for Private Capital Investors
- Strong In-Place Cash Flow – 6.24 Percent Going-In CAP Rate With Upside to 7.02 Percent by 2027
- Staggered NNN Leases with Growth – Four-Year Weighted Average Lease Term (WALT) With Three Percent Annual Increases on Most Leases
- Essential, Service-Oriented Tenant Mix – Daily Needs Retailers With Healthy Rent and CAM Ratios
- Stable and Replaceable Rent Roll – In-Place Rents at Sustainable Market-Supported Levels
- Dense, Affluent Trade Area – 416,000+ Residents Within Five Miles and an Average Household Income of $107,210
- Strong Consumer Spending – Households in the Trade Area Spend an Average of $239,585 Annually on Retail
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a well-located infill retail center in the heart of Long Beach, California. Strategically positioned at a signalized hard corner with visibility to over 27,000 vehicles per day, the property offers excellent frontage, strong accessibility, and consistent foot and vehicular traffic. The asset is anchored by a complementary mix of daily needs tenants, providing a reliable income stream with a favorable rent and CAM ratio. In-place rents average $2.45/square foot/month, reflecting healthy and sustainable levels that are considered easily replaceable in today’s leasing environment. Additionally, most leases feature annual rent increases, ensuring built-in income growth over the hold period. With a weighted average lease term (WALT) of four years, investors benefit from immediate cash flow at a 6.24 percent going-in cap rate, with upside to a 7.02 percent cap rate by 2027 through modest rent growth and tenant rollover. Located in a dense, mature trade area, the center is supported by over 416,000 residents within a five-mile radius and boasts an average household income of $107,210 Additionally, average household retail expenditure within this radius reaches $239,585 annually, highlighting strong consumer spending and demand for essential retail services. This offering presents an exceptional opportunity for private investors to acquire a stable, cash-flowing retail asset in a supply-constrained coastal submarket with long-term growth potential.
Exclusively Listed By
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