Chick-Fil-A Ground Lease For Sale | Long Beach, CA
3290, Atlantic Avenue, Willowville, Long Beach, Los Angeles County, California, 90807, United States
Overview
|Description
Presenting an exceptional investment opportunity to acquire a newly developed, highly sought-after Chick-Fil-A Ground Lease located in the dense and dynamic market of Long Beach, California. This premium Absolute NNN property offers passive income with zero landlord responsibilities, making it an ideal long-term hold for investors.
The property boasts a strong 13-year primary lease term with seven (5-year) renewal options and attractive 10% rental increases every five years, providing an excellent hedge against inflation. Built in 2019, the 2,598-square-foot building sits on a generous 35,932-square-foot parcel. Situated in a prime Southern California infill location, the site benefits from massive consumer traffic, supported by a 5-mile population of over 588,000 and a high average household income of $115,402.
Investment Highlights:
- Tenant: Chick-Fil-A
- List Price: $3,715,000
- NOI: $148,500
- Cap Rate: 4.00%
- Lease Type: Absolute NNN (Zero Landlord Responsibilities)
- Primary Lease Term: +/- 13 Years
- Options: Seven (7), 5-Year Options
- Rental Increases: 10% Every 5 Years
- Building Size: 2,598 SF
- Land Area: 35,932 SF
- Year Built: 2019
- Ownership: Ground Lease
- Demographics (5-Mile): Population: 588,108 | Avg HH Income: $115,402
Additional Details
- NOI: $148,500
- Rental Increases: 10% Every 5 Years
- Lease Type: Absolute NNN (Zero Landlord Responsibilities)
- Demographics (5-Mile): Population: 588,108 | Avg HH Income: $115,402
- Ownership: Ground Lease
Properties Common Note
Marabella Commercial Finance, Inc. believes this information comes from reliable sources but does not guarantee property information expressed or implied. Buyer should do their own investigation to verify all property details. The properties shown on this website may or may not be exclusively listed by Marabella Commercial Finance, Inc. All properties and information are deemed accurate and reliable but not guaranteed and should be independently verified.
Features
Property Video
Chris Visits a Hot Chick-Fil-A NNN Ground Lease For Sale in Long Beach California
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