7-Eleven (GL)

6090 Long Beach Blvd, Long Beach, CA 90805

$5,790,000

Cap Rate 4.75%

DOM: 567 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 13.8	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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Key Features

New construction
Signalized intersection
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Long Beach, California Zip Code 90805 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven and I Holdings
# Units:83,282
Tenant S&P: A
Moody’s: Baa2
Stock: OTCMKTS: SVNDY

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

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
34432 Views
63 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
37158 Views
68 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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