7 Eleven 1717 S Soto St, Los Angeles, CA 90023

Pegasus Investments Real Estate Advisory, as exclusive advisors to the Seller, is pleased to present the fee simple
interest in a corporate-operated 7-Eleven located at the signalized hard corner of E Washington Boulevard and
S Soto Street in the heart of Downtown Los Angeles’ Soto Street Junction (the “Property”). 7-Eleven continues
to carry an investment grade credit rating of “A” from Standard & Poor’s. This trophy urban convenience asset
is backed by a corporate triple net lease where the tenant is responsible for roof and HVAC maintenance, repair
and replacement as well as the entire premises. The sole landlord responsibility in the lease is maintaining the
structure and slab of the improvements. The lease features 11+ years remaining on the original base term, with
a 10% rent increase scheduled in 2028 and in each of the four (4) five-year renewal options, offering investors
both income stability and predictable growth.
Constructed ground-up in 2018, the 2,506 SF building is positioned at a signalized hard-corner intersection
with over 65,000 vehicles passing daily, located in a dense industrial pocket of Downtown Los Angeles. The
thriving commercial and industrial surroundings drive a significant increase in daytime population due to the
concentration of nearby employment centers. In addition to its strong real estate fundamentals, the Property
generates supplemental passive income through three billboards under a newly executed 15-year absolute NNN
lease with Clear Channel, following over 30 years of continuous operation at the site. Clear Channel, a nationally
recognized media operator, serves as both tenant and guarantor under the lease, offering stable, long-term income
with no landlord responsibilities.
Strategically positioned on E Washington Boulevard, a key arterial road that connects commuters to USC, the
Los Angeles Convention Center, Crypto.com Arena, and the Fashion and Arts Districts, the Property enjoys daily
exposure to tens of thousands of drivers. Moreover, its location just south of one of the most critical freeway
interchanges on the West Coast, where the 5, 10, 60, and 101 Freeways converge, offers exceptional accessibility.
The Soto Street Junction is one of Los Angeles’ most robust and vital industrial corridors, home to countless 24/7
regional and international distribution and manufacturing operations. This micro-dynamic supports constant
customer traffic to the Property, which has a 24-hour operating format, allowing the tenant to capture revenue
from round-the-clock employment in the immediate area. With its irreplaceable and high-barrier to entry corner
location, high-visibility signage, rare parking, and proximity to Los Angeles’ major economic hubs, this offering
presents a compelling opportunity to acquire a corporate-guaranteed urban retail asset with durable income and
long-term upside

Price $3,300,000

Cap Rate 5.00%
NOI $165,000

• Investment Grade (S&P “A”) Corporate Triple Net (NNN) Lease: 7-Eleven maintains an
investment grade credit rating and is responsible for maintaining the entire parcel and
all repair, replacement and maintenance of the roof and HVAC.
• 11+ Years of Remaining Term & Recent Tenant Extension: Recently built in 2018 – the
tenant signed an initial 15-year lease term and just agreed to a multi-year extension,
demonstrating commitment and reinvestment into the location.
• Exceptionally High Traffic, Urban Infill Location: Situated at the signalized hard corner
of S Soto and E Washington Blvd which sees average daytime traffic of 65,000 VPD.
• High Barrier to Entry Market: Located at the bullseye of LA’s most dense industrial and
manufacturing hub, the Property benefits from nearly no retail competition and almost
no remaining land available for retail use within a greater than 1-mile radius.
• New 15-Year Clear Channel Billboard Income Included: After 20-years of successful
operation, Clear Channel just committed to a new 15-year lease term on the Property
which features 3 separate billboards.
• 24/7/365 Operating Location: The surrounding market demographics support 24-hour
operating hours at the Property, which also benefits from a beer and wine sales license.
• Massive Daytime Population Increases: The dense commercial market surrounding the
Property drives a 170% increase in daytime population counts from incoming employment
centers within a 1-mile radius of the Property.
• Proximity to Major Freeway Hub: Immediate access to the 5, 10, 60, and 101 Freeways—
one of the most critical highway interchanges in Southern California.