15 Year Ground Lease to a 160+ unit operator. Located in a dense retail market, with 94,778 residents within 5 miles of the property. Average household income of $164,625 within 1 mile of the property.
Strong 5 Mile Demographics of 24,900+ Residents. Excellent Visibility on HWY 69 S With 4,800+ VPD. Benefits by Being Surrounded by Several Residential Developments. Limited Retail Competition – Store Serves as Primary Source of Goods.
Average Household Income of Over $72,000 Within One Mile. Frontage on W Railroad Street – 11,800 Vehicles Per Day. Low Rent and High Residual Value (1.63 Acre Parcel). No Competition – Only Drug Store Servicing Long Beach.
100% Fee Simple Interest. Minimal Landlord Obligations. The tenant has six five-year options to renew with 5% increases in rent during the option periods. The subject property benefits from being just 1/2 mile North of the Columbus Air Force Base which employs 10,400 personnel.