The property is fully leased to a single tenant 7-Eleven
franchisee under a brand new 10 year lease + 2 (5yr) options. The
building has been COMPLETELY renovated. All new plumbing, all
new electrical, new structural components, all new roof, all new
HVAC, and new parking lot. All together, the building’s renovation
cost has been north of $500,000. In addition to the building
renovation, the franchisee and 7-Eleven is in the process of
installing an all new equipment and fixtures package with the most
up to date 7-Eleven prototype, with a value of approx. $300,000+.
The franchisee has over 15 years of experience as a 7-Eleven
operator, with multiple locations.
The property is well parked and highly visible for both vehicular
and pedestrian traffic. Zoning is LBCCA (Long Beach Commercial).
- Country: United States
- Property ID 3535
- Price $1,985,000
- Property Type Retail
- Property status Sold
- Year Built 1945
- Size 3010 SqFt
- Land area 9227 SqFt