The Snyder Carlton Team is pleased to present for sale a two-tenant strip center, comprising 4,300 SF, located in the heart of West Los Angeles. The property is leased to 7-Eleven (Corporate) and Kusaki Restaurant (a high-end sushi restaurant). 7-Eleven has 5.5 years of term remaining with (2) 5-Year options. Kusaki has just over a year remaining with (1) 5-Year option. The 7-Eleven lease is NNN, while the Kusaki restaurant is on a modified gross lease. 7-Eleven has occupied this center for 50 years, which speaks to the strength and success of this store’s location.
The property is well located at the signalized, Southwest corner of Gateway Blvd. and S. Barrington Avenue. The property benefits from strong visibility, accessibility, and ingress/egress from both sides of the street. This is an extremely dense, infill location in West Los Angeles, just West of the 405 Freeway and South of the 10 Freeway. The property is surrounded by mixed-use commercial buildings, apartments, and single-family residences. This is the first time this asset has been brought to market in over 30 years.