6930 Atlantic Ave.
Bell Gardens , California 90201
- Listing Type:
- For Sale
- Listing Price:
- Property Type:
- Property Subtype:
- Street Retail
- Year Built:
- Listing Status:
- Building Size:
- 4440 SqFt
- Land Area:
- 0.32 Acres
KW Commercial is pleased to present this freestanding single-tenant leased investment opportunity within the City of Bell. The offering consists of a 4,440 SF building on 14,026 SF C3 zoned corner lot.
The lot provides excellent frontage with approximately 120 feet along Atlantic Ave & 116 feet along Beck Ave.
The building is occupied by an Eye Clinic. This Clinic is on a lease thru 4/30/24 with yearly increases of 2.5%. They also have (2) five-year options to follow.
The ownership has extensively renovated the facade & interiors and installed all new plumbing & electrical in 2013.
The site has ample on-site parking, in addition to plenty of street parking. There is also a city provided parking lot in the rear of the building.
This offering will attract an investor who is looking for a freestanding single-tenant retail building with a seasoned long term tenant on a NNN lease, with a current CAP RATE of 6.5%, in an area with strong demographics.
- APPROXIMATELY 4,440 SF SINGLE-TENANT BUILDING ON 14,026 SF CORNER LOT.
- EYE CLINIC: SEASONED LONG TERM TENANT WITH YEARLY INCREASES, LEASE EXPIRING IN 2024 WITH (2) 5-YEAR OPTIONS TO FOLLOW.
- ONLY ONE BLOCK NORTH OF MAJOR SIGNALIZED INTERSECTION OF ATLANTIC & FLORENCE AVE.; WITH A TRAFFIC COUNT IN EXCESS OF 60,000 CARS PER DAY.
- AMPLE ON-SITE PARKING, IN ADDITION TO PLENTY OF STREET PARKING & CITY PARKING LOT IN THE REAR.
- EXCELLENT DEMOGRAPHICS; OVER 60,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & OVER 350,000 RESIDE WITHIN A 3-MILE RADIUS.