Description

NAPLES ISLAND US BANK PROPERTY is a single-tenant retail investment at 5430 E 2nd St. in Long Beach, CA 90803. Leased to U.S. Bank, the 5,219 SF property pairs bank tenancy with a drive-thru configuration on 2nd Street.

The building sits on 0.34 acres and offers approximately 182 feet of 2nd Street frontage, dedicated parking and a double drive-through configuration. Those features give the branch visibility and multiple ways for customers to visit. U.S. Bank recently completed interior renovations, updated signage and EV charging infrastructure. Its corporate-guaranteed absolute NNN lease expires in April 2030 and includes two five-year renewal options, giving an investor a defined lease term and a tenant with an S&P A+ credit rating.

The Property occupies a Naples Island position along 2nd Street, where national and regional retailers, boutique shops and dining destinations contribute to pedestrian activity. Nearby Belmont Shore adds to the retail setting. For a bank branch, that combination of street presence, customer access and surrounding commerce matters: the location serves customers arriving by car while remaining visible to people moving through the corridor. The frontage and on-site parking reinforce the usefulness of this specific parcel within that setting.

At an asking price of $4,950,000, the Property offers $281,199 in NOI at a 5.68% cap rate. The absolute NNN structure places the income story alongside the branch’s physical features, rather than relying on location alone. U.S. Bank’s recent renewal and completed improvements further distinguish the tenancy for buyers focused on the relationship between the occupant and the site. Review the Offering Memorandum for the investment opportunity.