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7-ELEVEN ANCHORED STRIP CENTER 2900 W Beverly Blvd 6,683 SF 100% Leased Retail Building Montebello, CA 90640 $3,640,000 ($544.67/SF) 6% Cap Rate
Investment Highlights
- 100% occupied with NNN leases
- Strong traffic counts of over 53,271 CPD (Beverly Blvd & Garfield Ave)
- Upside in below-market rents
- Shadow anchored by Super A Foods (not a part)
- Dense neighborhood with over 725,000 residents within 5 miles
- Anchored by a corporate guaranteed 7-Eleven with S&P Investment Grade credit rating of “A-” (43% of GLA)
Executive Summary
Colliers International is pleased to present for sale 2900 W. Beverly Blvd in Montebello. Retained by the seller as exclusive advisors, Colliers is offering a rare opportunity to acquire a value-add 7-eleven anchored retail center at a prime signalized intersection. Beverly Blvd is renowned for being a strong retail thoroughfare and for having tremendous automobile traffic. Garfield Ave provides quick access to the 60 Freeway to the north, and has Cantwell-Sacred Heart of Mary High School to the south. The property is also shadow-anchored by a Super-A-Foods neighborhood center which draws significant foot traffic.
2900 W. Beverly Blvd allows an investor to take advantage of a strong income stream from a well balanced mix of retail and service tenants, and secure a safe investment with upside through bringing several of the leases up to market rent as they expire.
2900 W. Beverly Blvd allows an investor to take advantage of a strong income stream from a well balanced mix of retail and service tenants, and secure a safe investment with upside through bringing several of the leases up to market rent as they expire.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,683 SF
Building Class
B
Year Built/Renovated
1966/2003
Price
$3,640,000
Price Per SF
$544.67
Cap Rate
6%
NOI
$218,416
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.37 AC
Zoning
C2
Parking
18 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Pylon Sign
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5267-027-029 | Improvements Assessment | $2,040,495 |
| Land Assessment | $2,179,833 | Total Assessment | $4,220,328 |
Property Taxes
Parcel Number
5267-027-029
Land Assessment
$2,179,833
Improvements Assessment
$2,040,495
Total Assessment
$4,220,328
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7-ELEVEN ANCHORED STRIP CENTER | 2900 W Beverly Blvd
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