1960 Santa Fe Ave - Convenience Store FOR SALE


Long Beach, CA 90810- Westside Long Beach
$1,675,000 USD
1960 Santa Fe Ave, Long Beach, CA for Sale
$1,675,000 USD
Convenience Store - FOR SALE
1/9
null | 5.65% Cap Rate

1960 Santa Fe Ave
Long Beach, CA 90810
Westside Long Beach


HIGHLIGHTS

  • Absolute NNN Lease: Zero landlord responsibilities – tenant responsible for taxes, insurance, and all maintenance.
  • Long-Term Income: Secure cash flow with 6 years remaining on base term and options for extension.
  • Effective January 2026, rent is scheduled to increase to $106,800 annually, enhancing cash flow and investment yield.

OVERVIEW

The Azzi Group at Marcus & Millichap is pleased to present the exclusive offering of a 7-Eleven located at 1960 Santa Fe Avenue in Long Beach, California. This high-performing retail asset is secured by an absolute NNN lease with a franchisee guarantee, requiring no landlord responsibilities—7-Eleven is fully responsible for taxes, insurance, and all maintenance. The property occupies a prominent signalized hard corner with excellent visibility and strong traffic exposure along Santa Fe Avenue. Located in a dense urban corridor, the site benefits from a proven operating history and is surrounded by national and regional tenants, residential housing, and local schools. With over 300,000 residents within a five-mile radius, the area drives steady foot traffic and supports long-term retail performance. This offering provides stable, long-term income with 5.5 years remaining on the base lease term and two five-year renewal options. Effective January 2026, the annual rent will increase to $106,800, further enhancing cash flow and yield. Combining passive income, strong demographics, and a prime Long Beach location, this investment offers secure returns and long-term upside in one of Southern California’s most supply-constrained markets.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,287 SF

ZONING

LBCCA

APN/PARCEL ID

7431-019-019,7431-019-025

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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