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Goodwill

2600 Atlantic Ave, Long Beach, CA 90806

Listing Price: $5,600,000

Cap Rate
5.25%
Tenant Name
Goodwill
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
11,000
Lease Type
Single Net
Rent Per Square Feet
$28.45

Investment Overview

A unique single tenant net-leased opportunity currently home to Goodwill, an American non-profit organization with annual revenues north of $6.1 billion, ideally located on the Northeast signalized corner of Atlantic Avenue and E. Willow Street, 0.3 of a mile from Long Beach Memorial Medical Center, in Long Beach, CA. Marcus & Millichap has been selected to exclusively represent for sale 2600 Atlantic Avenue, a Goodwill ideally located on the northeast signalized corner of Atlantic Avenue and East Willow Street, just 0.3 of a mile from Long Beach Memorial Hospital, in the growing sub-market of Long Beach, CA. The subject property consists of an 11,000 square foot retail building ideally situated on 34,715 square feet of land zoned LBCHW. 2600 Atlantic Avenue is home to Goodwill, who has successfully operated at this location for over 20 years since 2000, with a lease that expires in 2031. The corporate guaranteed lease offers limited landlord responsibilities, as the tenant is responsible for all operating expenses excluding roof & structure. There is a rent increase of 5% rental increase scheduled for January 2026. The subject property features 41 parking spaces, a parking ratio of 3.73 per 1,000 square feet. 2600 Atlantic Avenue benefits from excellent visibility and frontage along two major retail thoroughfares, with strong daily traffic counts north of 32,900 vehicles per day. The property recently received a brand-new HVAC system in 2020. The property also features a Verizon cell tower, which is leased through 2022, with two 5-year options remaining at 15% rental increases. Goodwill Industries International Inc is an American non-profit corporation that provides community services funded by a network of retail thrift stores. Goodwill operates as independent organizations in 17 countries, with 156 Goodwill locations in the United States and Canada. In 2018, Goodwill organizations generated $6.1 billion in revenue, which has historically served more than 25 million people worldwide and helped train over 230,000 people for their careers in various industries. 2600 Atlantic Avenue is ideally located in the high-growth sub-market of Long Beach, which is currently undergoing a tremendous amount of development and expansion. National retailers have a strong presence in the area, as the subject property is walking distance from Wells Fargo, CVS Pharmacy, McDonald’s, Taco Bell, Walgreens, Subway, Burger King, Starbucks, Jersey Mikes, and El Pollo Loco. The subject property is surrounded by significant new and pending development projects, with over 2,944 new residential units in the immediate area.

Investment Highlights

  • Currently home to Goodwill, a substantial American non-profit corporation with over $6.1 billion in revenue through 2031, with minimal landlord responsibilities
  • 0.3 of a mile from Long Beach Memorial Hospital
  • Ideally located on the Northeast signalized corner of Atlantic Avenue and East Willow Street

Exclusively Listed By

Listing Price: $5,600,000

Cap Rate
5.25%
Tenant Name
Goodwill
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
11,000
Lease Type
Single Net
Rent Per Square Feet
$28.45

Investment Highlights

  • Currently home to Goodwill, a substantial American non-profit corporation with over $6.1 billion in revenue through 2031, with minimal landlord responsibilities
  • 0.3 of a mile from Long Beach Memorial Hospital
  • Ideally located on the Northeast signalized corner of Atlantic Avenue and East Willow Street

Investment Overview

A unique single tenant net-leased opportunity currently home to Goodwill, an American non-profit organization with annual revenues north of $6.1 billion, ideally located on the Northeast signalized corner of Atlantic Avenue and E. Willow Street, 0.3 of a mile from Long Beach Memorial Medical Center, in Long Beach, CA. Marcus & Millichap has been selected to exclusively represent for sale 2600 Atlantic Avenue, a Goodwill ideally located on the northeast signalized corner of Atlantic Avenue and East Willow Street, just 0.3 of a mile from Long Beach Memorial Hospital, in the growing sub-market of Long Beach, CA. The subject property consists of an 11,000 square foot retail building ideally situated on 34,715 square feet of land zoned LBCHW. 2600 Atlantic Avenue is home to Goodwill, who has successfully operated at this location for over 20 years since 2000, with a lease that expires in 2031. The corporate guaranteed lease offers limited landlord responsibilities, as the tenant is responsible for all operating expenses excluding roof & structure. There is a rent increase of 5% rental increase scheduled for January 2026. The subject property features 41 parking spaces, a parking ratio of 3.73 per 1,000 square feet. 2600 Atlantic Avenue benefits from excellent visibility and frontage along two major retail thoroughfares, with strong daily traffic counts north of 32,900 vehicles per day. The property recently received a brand-new HVAC system in 2020. The property also features a Verizon cell tower, which is leased through 2022, with two 5-year options remaining at 15% rental increases. Goodwill Industries International Inc is an American non-profit corporation that provides community services funded by a network of retail thrift stores. Goodwill operates as independent organizations in 17 countries, with 156 Goodwill locations in the United States and Canada. In 2018, Goodwill organizations generated $6.1 billion in revenue, which has historically served more than 25 million people worldwide and helped train over 230,000 people for their careers in various industries. 2600 Atlantic Avenue is ideally located in the high-growth sub-market of Long Beach, which is currently undergoing a tremendous amount of development and expansion. National retailers have a strong presence in the area, as the subject property is walking distance from Wells Fargo, CVS Pharmacy, McDonald’s, Taco Bell, Walgreens, Subway, Burger King, Starbucks, Jersey Mikes, and El Pollo Loco. The subject property is surrounded by significant new and pending development projects, with over 2,944 new residential units in the immediate area.

Exclusively Listed By

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