Single Tenant NNN 7-Eleven C-Store in LA 1717 S Soto St 2,506 SF Retail Building Los Angeles, CA 90023 $3,300,000 ($1,316.84/SF) 5% Cap Rate

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.