Tenant: 7-Eleven Premises: 2040 SF Renewal Options: 1 x 5
Lease Expiration: 07/31/2017 Lease Type: NNN Rental Increases: FMV or 102% Previous Base Rent
Sands Investment Group is pleased to offer for sale a free standing absolute net leased 7 Eleven property of approximately 2,040 square feet located in the City of Lakewood, CA. 7 Eleven has operated at this location for over 40 years and currently has over 3 years remaining on the current term with one five year option left. The property has 13 parking spaces – a favorable ratio of 6.37 spaces per 1,000 SF. This allows for future upside as the new owner has the opportunity to build additional square footage on the property of approximately 800 square feet.
The subject property is located along Del Amo Blvd. – a busy arterial road that stretches the length of Lakewood and into Carson, CA. The large attached parking lot allows for easy ingress/egress access to the location directly from Del Amo Blvd. The Lease is guaranteed by 7-Eleven, Inc. which has an S& P rating of AA-.
7-Eleven is the world’s largest convenience store chain with more than 50,250 stores in 16 countries, of which 10,100 are in North America. 7-Eleven also is one of the nation’s largest independent gasoline retailers. 7-Eleven, Inc. is privately held and became a wholly owned subsidiary of Seven-Eleven Japan Co., Ltd. in Tokyo, Japan, and its affiliates on Nov. 9, 2005.