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7-Eleven (GL)
6090 Long Beach Blvd, Long Beach, CA 90805
$5,790,000
Cap Rate 4.75%
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 15.0 | 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 15-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 | Zero landlord responsibilities
- Corporate guaranteed lease
- 7-Eleven is an investment grade tenant (S&P: A)
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...
...Features
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New construction
-
Signalized intersection
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Freeway close
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Top 100 MSA
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Strong demographics
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Brand new lease
-
Long 15+ yr lease
-
Absolute NNN
-
Traded and rated company
-
Investment grade tenant
...
Maps
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 12,500...
...
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 |
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 |
