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Views: 157 DOM: 408 Updated: 10.06.24 Posted: 10.12.23 Status: Active

Summary

Price $5,790,000
Built/Renov 1966/2023
Tenant 7-Eleven (GL)
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,010
Lease Start 01-01-2024
#Units 83,282
Price/SF $1,923.59
Expiration 01-01-2039
Tenant Type Convenience/Gas
NOI $275,000
R. Term 14.1
Ownership Ground Lease
Rent/SF $91.36
Increases 7.5%/5/yrs
Pop 5Mi 655,270
Lot/AC 0.52
Options 3/5yrs/7.5%
AHHI 5Mi $97,719

Lease Highlights

  • Brand new construction
  • 7-Eleven recently signed a new 14-year ground lease with 3 (5-year) options to extend
  • The lease features 7.5% rent increases every 5 years in primary term and options
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

The 7-11 is situated at the hard corner, signalized intersection of Long Beach Blvd and E Victoria Street, which has a daily traffic count of 28,900 vehicles. The subject property is conveniently located adjacent to Interstate 710, which sees over 207,300 vehicles per day. The property is also in close proximity to other major highways, including I-405, Hwy 91, and Hwy 47. Strategically...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 28,890 235,126 649,957
2023 Total Population : 29,561 239,795 659,238
2023 Employed Civilian Pop : 12,944 105,113 293,453
2023 Total Businesses : 678 7,188 21,242
2023 Average Household Income : $ 76,420 $ 92,022 $ 97,820
2023 Total Consumer Spending : $ 554 M $ 5453 M $ 15865 M
2023 Median Age : 30 32 33
2023 Total Households : 8,416 68,981 189,288
2023 Pop Age 25+: Bachelor's Degree : 2,348 20,723 62,676
2023 Average Home Value : $ 608,472 $ 679,150 $ 678,274
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Long Beach Blvd E Allington St 2001 16,900 0.09 mi
I 710 2021 173,000 0.18 mi
I- 710 N Long Beach Blvd 2013 195,000 0.23 mi
710 2018 199,000 0.29 mi
S Susana Rd E Victoria St 2004 6,942 0.32 mi
S Susana Rd W Bort St 2013 7,245 0.50 mi
Artesia Fwy N Long Beach Blvd 2013 222,500 0.51 mi
91 2018 221,000 0.53 mi
CA 91 2021 199,500 0.54 mi
91 2018 220,000 0.56 mi

Listing Broker

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