New Trophy LA County 15 Yr. NNN 7 Eleven
3,010 SF | Retail Building | Long Beach, CA 90805 | $5,790,000 ($1,924/SF) | 4.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,790,000
- Property Type
-
Retail
- Square Feet
- 3,010 SF
- Price / Square Foot
- $1,924
Listing Contacts
Eric Carlton
Verified Profile
Jereme Snyder
Verified Profile
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to offer to investors a rare opportunity to purchase a newly constructed absolute NNN 7-Eleven in Long Beach, CA. Long Beach is the 7th largest city in California and is part of the Los Angeles MSA which has a population exceeding 12 million. With a 15-year primary term, three 5-year option periods, 7.5% rent increases every 5 years, a corporate guarantee, and zero landlord responsibilities, this asset is ideal for a 1031 exchange or a coupon clipper desiring years of inflation resistant cash flows.
7-Eleven operates over 13,000 stores in the U.S. and Canada, over 78,000 worldwide, and has an investment grade credit rating of “A” from S&P (Moody’s: Baa2). The 3,010 SF building on 0.52-acre lot is located on the hard corner signalized intersection of Long Beach Blvd (24,300+ VPD) and E Victoria St (7,800+ VPD) and is adjacent to Interstate 710 which sees over 207,300 VPD.
The subject property is strategically positioned directly between North Long Beach neighborhoods and a bustling business district which draws over 228,000 employees to over 23,400 businesses within a 5-mile radius. Numerous national retailers surround the subject property including CVS, Arco, AutoZone, O’Reilly Auto Parts, McDonald’s, Starbucks, Wendy’s, Taco Bell, Popeyes, and more.
This is an excellent opportunity to acquire an absolute NNN 7-Eleven in Los Angeles with a long term lease, 15 years in option periods, rent increases, a corporate guarantee, and zero landlord responsibilities, providing years of inflation resistant cash flows.
7-Eleven operates over 13,000 stores in the U.S. and Canada, over 78,000 worldwide, and has an investment grade credit rating of “A” from S&P (Moody’s: Baa2). The 3,010 SF building on 0.52-acre lot is located on the hard corner signalized intersection of Long Beach Blvd (24,300+ VPD) and E Victoria St (7,800+ VPD) and is adjacent to Interstate 710 which sees over 207,300 VPD.
The subject property is strategically positioned directly between North Long Beach neighborhoods and a bustling business district which draws over 228,000 employees to over 23,400 businesses within a 5-mile radius. Numerous national retailers surround the subject property including CVS, Arco, AutoZone, O’Reilly Auto Parts, McDonald’s, Starbucks, Wendy’s, Taco Bell, Popeyes, and more.
This is an excellent opportunity to acquire an absolute NNN 7-Eleven in Los Angeles with a long term lease, 15 years in option periods, rent increases, a corporate guarantee, and zero landlord responsibilities, providing years of inflation resistant cash flows.
Property Details
- Class
- C
- Year Built
- 1966
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Drug Store
- Lot Size (sq. ft)
- 22,651 SF
Highlights
- Brand New 15 Yr. Absolute NNN Lease by 7 Eleven Inc. - Corporate Guarantee - Best in Class Gas/C-Store Brand
- Rare LA County NNN Asset - Hyper Dense Commercial Trade Area right off 710 Freeway (207K CPD)
- Largest Convenience Store Chain in U.S. - #1 Fastest Growing Global Franchise in 2023 (Franchise 500)
- Long Beach Named “Top 10 Places in California to Visit” (2023) - 7th Largest City in State (655,270K)
- Brand New 2023 Prototype - Zero LL Duties with Rent Bumps - Includes Gas Component with C-Store
- Iconic American Brand - Replaceable Below-Average Rent - Lower Downside Risk - Generational Asset
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