600-602 E Imperial Hwy - Freestanding FOR SALE


Los Angeles, CA 90059
$2,295,000 USD
310-710-5626
600-602 E Imperial Hwy, Los Angeles, CA for Sale
$2,295,000 USD
Freestanding - FOR SALE
1/9
null | 6.4% Cap Rate

600-602 E Imperial Hwy
Los Angeles, CA 90059


HIGHLIGHTS

  • APPROXIMATELY 4,000 SF RETAIL SHOPPING CENTER ON 10,893 SF LA-C2 ZONED CORNER LOT
  • 7-ELEVEN CORPORATE GUARANTEED LEASE THROUGH DECEMBER 2026
  • SUBJECT PROPERTY OFFERS 2 POINTS OF INGRESS & EGRESS WITH A MONUMENT SIGN LOCATED AT THE SIGNALIZED CORNER.
  • ADDITIONAL INCOME FROM A DOUBLE SIDED BILLBOARD
  • GOOD CAR TRAFFIC COUNTS; APPROX. 50,000 CARS PER DAY AT THIS SIGNALIZED INTERSECTION.
  • OUTSTANDING DEMOGRAPHICS; OVER 40,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & OVER 400,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.

OVERVIEW

This approximately 4,000-square-foot retail shopping center is strategically positioned on a 10,893-square-foot signalized corner lot, offering a versatile space suitable for a variety of business ventures. The property boasts a prime location at a bustling signalized intersection with impressive traffic counts of approximately 50,000 vehicles per day, ensuring high visibility and steady customer flow. The center is currently leased to two tenants: Dollar Hub (a Subleasee of 7-Eleven Corporate) and Spacetel LLC, a wireless retailer. Additional income is generated from a double-sided billboard. Spacetel LLC brings strong, proven retail presence to your property. As a premium authorized retailer for Cricket Wireless, Spacetel operates more than 200 stores across California, Oregon, Colorado and Arizona, supported by a team of 200–500 employees. Their business model centers on essential wireless services, monthly plans and device/accessory sales, offerings that tend to generate recurring customer traffic. That means consistent foot traffic, dependable lease payments and a tenant with a history of managing multiple retail locations successfully. The property features approximately 13 on-site parking spaces plus one handicap space, two points of ingress and egress, and a monument sign at the signalized corner. Its proximity to the 105 and 110 Freeways provides convenient access for commuters. This offering is ideal for an investor seeking a NNN property with a strong international credit tenant and a national tenant with over 200 locations. With minimal management requirements, this well-located center presents a compelling opportunity in a high-traffic area. 6.8 on per forma cap rate

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$574 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate 7-Eleven (Dollar Hub) Anchored NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C2

APN/PARCEL ID

6072-004-026

ASK ABOUT THIS PROPERTY

David YasharKW Commercial SoCalMore Info
310-710-5626

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David YasharKW Commercial SoCalMore Info
310-710-5626

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