- Single Tenant – Triple Net Lease. Five (5) year remaining term with one (1) five (5) year option to renew.
- HAVEN – Cannabis Dispensary (Voted #1 in LBC). Fourteen store chain.
- Signalized intersection. Redondo Avenue: North-South Corridor to (405) Freeway and Belmont Shore.
- Close proximity to Long Beach’s Downtown, Convention Center and Waterfront and the shopping, dining and entertainment districts of Fourth Street Retro Row and Belmont Shore.
- Great Walking and Biking Access to the Beach Areas.
- Nearby and easy access to Interstate Freeways and Mass Transportation.
Lead Agent : Kevin J. King
Phone Number : 562 257 1246
Email Address : kevin.king@marcusmillichap.com
Marcus & Millichap is pleased to present the sale of 404 Redondo Avenue, Long Beach, California. This property is being offered as a Single-Tenant Net Leased (STNL) investment opportunity occupied by a regional Cannabis Dispensary operation doing business as HAVEN.
HAVEN currently operates three locations in Long Beach, CA and three other locations in Southern California with plans of opening eight other dispensaries in California. HAVEN Dispensaries are committed to ensuring a clean, safe, modern, and well-maintained operation that strives to achieve high customer loyalty.
The property located at the northeast intersection of Redondo Avenue and E 4th Street in Belmont Heights a district in the south-east portion of the City of Long Beach, central to the Pacific Ocean, Belmont Shores and Downtown Long Beach. Nearby parks include Rose Park, Bruin Stadium, Recreation Park and Carroll Park. The property is zoned LBCNR.