OFFERING PRICE:

$16,018,000


TOTAL BUILDING AREA:
±19,064 SF
FEATURED LISTING:
VONS
3900 E. Ocean Blvd, Long Beach, CA
INVESTMENT HIGHLIGHTS
 
High Credit STNL100% leased to national credit grocery tenant, Vons (NYSE: ACI), a wholly-owned subsidiary of Albertsons, one of the leading food and drug retailers in the US operating over 2,252 locations, has a market capitalization of $9 billion and revenue of $69 billion
 
Pride of Ownership – “Trophy” investment asset with tremendous visibility along Ocean Blvd at Livingston Drive; less than 200 feet from the beach!
 
Below Market Rents – Vons is leased at rent that is estimated approximately 32% below prevailing rates
 
High Performance Tenancy – High-Performing grocer boasts sales approaching $700 PSF/YR
 
Corporate Lease – National credit tenant on a long-term, “absolute” NNN lease with 9-years left of firm term, plus one, 10-year extension, makes this an ideal investment for an investor looking to “clip coupons”
 
Affluent and Infill Demos – More than 364,000 residents in a 5-mile radius with an Average Household Income approaching $100,000

 

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
PHILIP D. VOORHEES
+1 949 725 8521
Lic. 01252096
phil.voorhees@cbre.com
 
MEGAN WOOD
+1 949 725 8423
Lic. 01516027
megan.wood@cbre.com

 
ERIC SHAIN
+1 949 809 3758
Lic. 02050566
eric.shain@cbre.com
 


THIS IS A MARKETING COMMUNICATION

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

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