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1960 Santa Fe Ave 3,188 SF Retail Building Long Beach, CA 90810 $1,495,000 ($468.95/SF) 7.14% Cap Rate
Investment Highlights
- Absolute NNN Lease: Zero landlord responsibilities – tenant responsible for taxes, insurance, and all maintenance.
- Effective January 2026, rent has been increased 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 Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,188 SF
Building Class
C
Year Built
1945
Price
$1,495,000
Price Per SF
$468.95
Cap Rate
7.14%
NOI
$106,800
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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
7-Eleven began in 1927 as the Southland Ice Company in Dallas and later grew into the 7-Eleven convenience brand. The company operates convenience retail stores and a franchise system, with banners and brands that include Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits, while also offering signature food and drink items such as Slurpee and Big Gulp beverages. 7-Eleven continues as a global convenience retailer and remains focused on fast, everyday shopping across a wide network of stores.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $811,822 | |
| Land Assessment | $1,336,802 | Total Assessment | $2,148,624 |
Property Taxes
Parcel Numbers
Land Assessment
$1,336,802
Improvements Assessment
$811,822
Total Assessment
$2,148,624
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