240 W Adams Blvd - Convenience Store FOR SALE
Los Angeles, CA 90007 |
240 W Adams Blvd
Los Angeles, CA 90007
HIGHLIGHTS
- TOP-TIER CREDIT RATING – 7-Eleven operates over 9,300 U.S. stores and 83,000+ locations worldwide. Backed by an “A” credit rating from S&P, the compan
- STRONG TENANT COMMITMENT – 7-Eleven originally approached the landlord to convert a former burger restaurant into their current convenience store form
- PRIME VISIBILITY & HIGH TRAFFIC – Located at a signalized intersection with over ±37,000 vehicles per day and immediate access to I-110 (±270,000+ VPD
- NEAR MAJOR UNIVERSITY – The area surrounding the prestigious University of Southern California (47,000+ students) has undergone significant transforma
- PATH OF GROWTH – Directly across the street is The Lorenzo, a luxury student housing community near USC with approximately 913 units and more than 3,0
- LOWER RENT FOR TENANT – The current rent of $87,120 is approximately 40% below the average for single-tenant 7-Eleven sites in infill Southern Califor
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
7-ELEVEN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Service Station
TOTAL BUILDING SIZE
2080
STORIES
1
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
12
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5122-013-015
