11700 Gateway Blvd - Convenience Store FOR SALE


Los Angeles, CA 90064- Mar Vista
$3,975,000 USD
310-766-5205
11700 Gateway Blvd, Los Angeles, CA for Sale
$3,975,000 USD
Convenience Store - FOR SALE
1/8
null | 4.99% Cap Rate

11700 Gateway Blvd
Los Angeles, CA 90064
Mar Vista


HIGHLIGHTS

  • Corporate Guaranteed Lease – 7-Eleven, Inc. Credit Rating “Baa2” Moody’s “A” S&P
  • 7-Eleven Has Occupied Building Since 1975 – Tenant has (2) 5-Year Options
  • 7-Eleven is on a NNN Lease and Pays 55% of the Total CAM’s for the Center
  • Located at the Southwest Signalized Intersection (Hard Corner) of Gateway Blvd. and S. Barrington Ave.
  • Kusaki Has Spent approximately $700K in Tenant Improvements for the High-End Buildout of the Interior of the Restaurant
  • Additional Income Generated from Billboard Sign

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$903 USD /SF

CAP RATE

4.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven - Two Tenant Investment - West LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

LAC2

APN/PARCEL ID

4257-013-042

ASK ABOUT THIS PROPERTY

Adam FriedlanderColliersMore Info
310-766-5205

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Adam FriedlanderColliersMore Info
310-766-5205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.