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$17,176,000
OFFERING PRICE
5.08%
IN-PLACE CAP RATE
45.3%
POTENTIAL NOI GROWTH WITH MARK-TO-MARKET RENTS
8.10%
MARK-TO-MARKET CAP RATE
100%
OCCUPANCY
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Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest (land & building) in the three-tenant, corporate guaranteed, NNN leased Ross Dress for Less, Petco, and Dollar Tree Junior Anchors of Signal Hill Gateway, a dominant Home Depot (NAP) anchored community center in Signal Hill (Long Beach), CA.
- 100% National, Credit Tenants | Daily Needs Uses | Strong Brand Recognition
- Strong Value Add Potential | Below Market Rents
- Mark-to-Market Cap Rate: 8.10%
- Irreplaceable Southern California Urban Infill Location | 405 Freeway & Atlantic Avenue
- Strong Demographics | 292,000 with a 3-mile radius
- 2 Large Monument Signs Highly Visible from 405 Freeway (333,000 VPD)
- Ease of Management | NNN Leases
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