Basics Details
- Date added: Added 1 month ago
- Type: Retail
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Description
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Description:
Pabst, Kinney & Associates, Inc. is pleased to present the offering of 389 Redondo Avenue in Long Beach, California—available for sale for the first time in over 40 years. This well-maintained, multi-tenant retail property is anchored by Domino’s Pizza and consists of approximately 3,675 square feet of improvements situated on a 13,129 square foot lot.
The property features a strong and established tenant mix, including Domino’s Pizza (since 2001), Granny’s Donuts (since 1995), and a long-standing dental office. All tenants operate under triple-net (NNN) lease structures, providing an investor with a stable, low-management income stream and minimal landlord responsibilities. Over the past 15 years, the property has experienced zero vacancy, underscoring the stability and long-term success of its tenancy.
The site offers 21 surface parking spaces and benefits from approximately 122 feet of frontage along Redondo Avenue. Strategically located in the highly desirable Belmont Heights neighborhood, the property sits at a signalized, high-traffic intersection at Redondo Avenue and 4th Street, providing excellent visibility and consistent consumer traffic.
This is a rare opportunity to acquire a true pride-of-ownership retail asset with durable cash flow and passive income characteristics in one of Long Beach’s most sought-after coastal submarkets.
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