Description

Property is a single tenant commercial property in the City of Compton. This property is located on the signalized corner of Long Beach Blvd and Myrrh St. The building is a 2-story former bank building that is currently leased to a Dialysis Center, a joint venture by one of the largest providers of kidney care services. The tenant has an initial 10-year term with 3 additional options for 5 yrs at Fair Market Value rents. The initial term has annual increase. The tenant pays their base rent with NNN each year. There is a Cell Tower lease with T-Mobile. This lease has 3% yearly increase with 7 options of 5 year each. Property is directly across from Numero Uno Market, O’Reilly Auto Parts and Bank of America. Long Beach Blvd is a major thoroughfare with various retailers that are local and national companies like Rite Aid, Mc Donald's, Dominos Pizza, and more.

Features

• 2 Stories
• Asset Class: Office
• Asset Class: Retail
• Asset Class: Specialty