805 E Ocean Blvd
Long Beach, CA 90802
7-Eleven with Gas · Retail Property For Sale

Explosive Rent Growth | This lease features 5% annual rental increases, which more than doubles the target inflation number.This will provide an investor with a strong hedge against inflation. Shoreline Gateway Development | The subject property is located directly across the street from the Shoreline Gateway, a 315-unit, 17-story multifamily development. This is set to be the tallest building in the city and will significantly increase foot traffic to the subject property. Established Location with Strong Tenant Commitment | The tenant has occupied this site for 20+ years and recently committed to a brand new, 10-year lease with increased rents. Robust Demographics | There are over 240,000 residents within a 3 mile radius of this site with an expected population growth of over 2% in the coming 5 years. Absolute NNN Fee Simple Lease Structure | The tenant operates under an absolute NNN lease, which they are responsible for all real estate. High Performing Site with Low Rent to Sales Ratio | This location produced over $6.8 million in total Fuel + C Store Sales in 2018 and 2019. Irreplaceable Real Estate | This property is located several blocks from the Pacific Ocean and is surrounded by a host of apartments and local businesses. It is strategically positioned at a hard, signalized corner with great visibility and ease of access that has a combined traffic count of over 55,000 vehicles per day. 2nd Largest Metropolitan Area in the Country | This asset is part of the Los Angeles MSA which is the second largest metropolitan area in the United States and 30th largest metropolitan area in the world with a total population of nearly 18.8 million people in 2017. Globally Recognized Brand | 7-Eleven was founded in 1927 and is headquartered in Dallas, TX with a total of 68,236 stores present in 17 countries internationally. It is the premier brand in the convenience store space.te taxes, insurance, maintenance, and roof & structure.