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6562 - 6564 E Olympic Boulevard - 7 Eleven, Los Angeles, CA

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6562 - 6564 E Olympic Boulevard - 7 Eleven

Los Angeles, CA 90022-5451 - Southeast Los Angeles Submarket

(409.8 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing , Renov 2013 Year Built:1975
Building Size:4,400 SF Land Area:.23 AC (10,041 SF)
For Sale Price:$3,726,000 Price/SF:$846.82
Cap Rate:4.80 %
Parking:Free Surface spaces are available; Ratio of 2.73/1,000 SF
Features:Bus Line, Pylon Sign, Signage, Signalized Intersection

Sale Notes:
* 7-Eleven Anchor As the world' s largest chain of convenience stores with over 59,500 stores in 18 countries, 10,800 in North America alone, and a S&P credit rating of AA-, 7-Eleven is a preferred tenant in many retail strip centers

* 7-Eleven has occupied Olympic Plaza since 1975 (over 40 years!), renewed in 2010 and is experiencing strong, upward trending sales

* Excellent Tenant Roster 100% NNN leased to a synergistic mix of 3 tenants including internationally recognized 7-Eleven and local operator Pamore Pizza with 7 locations throughout Los Angeles County

* Limited Near-Term Rollover Exposure All 3 tenants at Olympic Plaza have approximately 4 years or more remaining on their current lease terms

* Ideal Retail Location/High Traffic Signalized
Intersection The property is situated at the signalized intersection of Olympic Blvd. and Garfield Ave., two of the trade area' s highest traveled thoroughfares. Olympic Blvd. with over 19,000 CPD and Garfield Ave. with over 30,000 CPD
* Significant Population Density Over 31,000 people within a 1-mile radius, over 213,000 people within a 3-mile radius, and over 729,000 people within a 5-mile radius. The Commerce industrial market immediately to the south consists of 1,460 industrial buildings totaling 84 million SF of space

Phil D Voorhees
(949) 725-8521

John Read
(949) 725-8606

James Slusher
(949) 725-8507

Megan Wood
(949) 725-8423

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