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601 Pine Ave
Long Beach, CA 90802 Downtown Long Beach

$4,010,948 USD

Drugstore For Sale  •  42,321 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 42,321 SF
  • Lot Size 0.4 AC
  • Building Class C
  • Year Built 1926
  • Zoning LBPD30
74 Transit Score
98 Walk Score

Highlights

Single-tenant property leased to Rite Aid, providing stable income with a long-term tenant commitment.
Rite Aid has maintained occupancy for decades and extended its lease after emerging from bankruptcy, strengthening tenant creditworthiness.
Offered as a net-leased investment with limited landlord responsibilities, appealing to passive investors.
Located in the heart of Downtown Long Beach, benefiting from a Walk Score of 98, excellent transit access, and strong surrounding amenities.
Positioned within a vibrant urban corridor near major retail, dining, and entertainment destinations, enhancing long-term asset value.
Proximity to major transportation routes

Property Flyers

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 4 min 0.2 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 5 min 0.2 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 9 min 0.4 mi
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 12 min - 5.1 mi
John Wayne/Orange County 33 min - 21.3 mi
Los Angeles International 32 min - 21.8 mi
Corey Waite 213-434-0044 Rubicon
Corey Waite 213-434-0044 Rubicon