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PROPERTY DESCRIPTION Coldwell Banker Commercial BLAIR is pleased to present the property located at 6350 East Atherton Street in Long Beach, California for Sale for the first time in 20 years. This multi-tenant retail property—anchored by 7-Eleven—has approximately 8,340 SF of improvements on approximately 21,158 SF of land. This property has a strong tenant base including 7-Eleven (who has been a tenant since its inception in 1983), China Star, Pepe & Chepitos Tacos, Innovative Print Solutions, Pizzamania (also a tenant since 1983), and a new Ice Cream Shop tenant opening shortly (a brand new HVAC unit was recently installed for this unit). In the past 20 years, this property has had only one vacancy for two months, which is less than 1% vacancy ratio in comparison to the industry standard of 5%-10% vacancy, this is a direct reflection of the stability and long–term success of the tenants at this center. This property has on-site parking which was recently upgraded to include two (2) new ADA parking spaces included in the 29 available parking stalls. The exterior of the premises includes a ten (10) closed-circuit security camera system. This “Trophy Property” is along the four-way signalized intersection and high traffic corner of Atherton St and Palo Verde Ave and is located directly next to Cal State Long Beach. This 322-acre campus is the second largest college in the California State University system by area and is one of the largest in the state of California by enrollment with approximately total of 38,273 students enrolling each year. ZONING CNA - Neighborhood Commercial Zoning Districts. The Neighborhood Commercial Zoning District includes neighborhood-serving centers and corridors that provide small scale, low-intensity uses to meet the daily retail and service needs of surrounding residents. Uses and the scale of development shall be compatible with surrounding residential neighborhoods and shall be designed to promote pedestrian and bicycle access. Scale is determined by the size of adjoining residential uses, the commercial lot size, and the commercial street width. Special scale restrictions apply in these districts. The Neighborhood Automobile-Oriented (CNA) District is auto-oriented with buildings set back from the front property line and parking located between the building and the street.

Property Highlights

7-Eleven anchored 6-unit Trophy Income Property Strong Income with 4% - 5% annual increases in place Directly adjacent to Cal State Long Beach 4-way signalized intersection First time on the market in 20 years Parking Lot recently upgraded to include two (2) new ADA parking stalls High traffic counts