Grocery Anchored Investment Opportunity

644 Redondo Avenue, Long Beach, CA 90814

Accepting Offers
Grocery Anchored Investment OpportunityGrocery Anchored Investment OpportunityGrocery Anchored Investment OpportunityGrocery Anchored Investment Opportunity
Asking Price

$12,000,000

Grocery Anchored Investment Opportunity

644 Redondo Avenue, Long Beach, CA 90814

Asset Type: Real Estate

Estate: Leasehold

Number of Floors: 1

NOI: 735,515.6

Property Type: Retail

Land Area: 2.27 Acres

Number of Units: 8

Property Size: 34,899 SF

Investment Highlights

  • $344 Per Square Foot
  • Established Grocery Anchor with Strong Sales
  • Below Market Rents
  • 34,899 SF Neighborhood Shopping Center in Prime Long Beach
  • Smart & Final Anchor Bolstered by Subway and a Mix of Service and Restaurant Tenants
  • Shadow-Anchored by Petco Unleashed
  • Great Visibility Location Along Redondo Avenue, a Primary North-South Thoroughfare
  • Serves Densely Populated Surrounding Residential Community
  • Grocery Anchor Coupled with Necessity-Based Tenant Mix Proven to Generate Consistent Consumer Visits
  • Convenient Access with Ample On-Site Parking
  • Strong Local Demographics with Long-Term Upside

Grocery Anchored Investment Opportunity

Net Lease Investment Opportunity in Prime Long Beach. Situated on a multi-acre lot, this 34,899 SF neighborhood center is anchored by Smart & Final, joined by Subway and a mix of service and restaurant tenants, adjacent to Unleashed by Petco. The high-visibility property resides along Redondo Avenue, an active north-south thoroughfare, serving the surrounding densely populated residential neighborhoods of southeast Long Beach. The high-volume sales grocery anchor attracts consistent daily consumer traffic, further complemented by a necessity-based tenant mix proven to generate repeat visits. Easily accessible with ample parking in the sprawling on-site lot, the property is a convenient retail destination, popular among area residents. An outstanding opportunity for commercial property investors looking to add a stable, needs-based asset in an established trade area with a nationally recognized anchor, strong local demographics, and long-term upside to their CRE portfolio.

Sale FAQs

Investment Sales Broker

Dave O'Connell

Dave O'Connell

CBM1

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