Retail•Street Retail•For Sale

Single-Tenant Eye Clinic

6930 Atlantic Ave., Bell Gardens, California 90201

Sale Price $2,440,000
Zoning BL-C3
Bldg Type Single Tenant
Year Built 1967
Year Renovated 2013
Vacancy 100%
Gross Bldg 4,440 SqFt
Land Area .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, in an area with strong demographics. The subject property is located at the northeast corner of Atlantic & Beck Ave., just one block north of the major signalized intersection of Atlantic & Florence Ave. The intersection of Atlantic & Florence Ave provides a daily car traffic count in excess of 60,000 cars per day. This offering has good freeway access; only 1 mile west of the 710 freeway. The subject property is located across the street from CVS, Domino's Pizza, O'Reilly Auto Parts, Baskin Robbins, Oportun, Northgate Market, & Pizza Hut. It is also located just north of retailers such as 7-Eleven, Subway, Jack in the Box, Starbucks, Taco El Gavilan, U.S. Bank, Superior Grocers & Taco Bell, just to name a few. The immediate area provides excellent demographics: over 60,000 people reside within a 1-mile radius & over 350,000 people reside within a 3-mile radius.
  • - 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.
3/6/2020 9:41:20 PM 3/23/2020 11:02:18 PM
David Yashar
Director
L.A. Westside
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