7 Eleven 1960 SANTA FE AVE
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease: Zero landlord responsibilities – tenant responsible for taxes, insurance, and all maintenance.
- Effective January 2026, rent is scheduled to increase to $106,800 annually, enhancing cash flow and investment yield.
- Long-Term Income: Secure cash flow with 6 years remaining on base term and options for extension.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type Investment NNN
Property Type Retail
Property Subtype Convenience Store
Building Size 3,188 SF
Building Class C
Year Built 1945
Price $1,595,000
Price Per SF $500.31
Cap Rate 5.94%
NOI $94,680
Tenancy Single
Building Height 1 Story
Building FAR 0.35
Lot Size 0.21 AC
Zoning LBCCA – Commercial
Parking 9 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage 134’ on Santa Fe Ave
Contact Us
We invite you to submit your offer for this residence.