7625 Eastern Ave.
Bell Gardens , California 90201
- Listing Type:
- For Sale
- Listing Price:
- Property Type:
- Property Subtype:
- Street Retail
- Year Built:
- Listing Status:
- Building Size:
- 12894 SqFt
- Land Area:
- 0.60 Acres
KW Commercial is pleased to present this 12,894 SF "L-Shaped" 7-Eleven anchored retail center on 26,040 SF signalized corner lot. The offering has excellent frontage with approximately 165 Feet along Eastern Ave. & 190 Feet along Clara St.
The Center consists of 8 units. The tenants mix includes: a 7-Eleven, Farmers Insurance, a Pharmacy, and a Pizza Restaurant, just to name a few. The average tenancy is approximately 8.5 years.
7-Eleven has been at this location for almost 20 years. It is larger than the average 7-Eleven (Approx. 3,382 sf) & generates just under 30% of the total income of the Shopping Center. This 7-Eleven also sells beer & wine.
The offering features approximately 35 on-site parking spaces in addition to plenty of street parking. There are 2 points of ingress & egress to enter and exit this Shopping Center. There is also a monument sign at the signalized corner.
This property will attract an investor looking for a signalized corner "L-Shaped" 7-Eleven Shopping Center, operating at a 5.4% CAP RATE, with an excellent tenant mix & seasoned tenancy.
APPROXIMATELY 12,894 SF 7-ELEVEN ANCHORED "L-SHAPED" CENTER ON 26,040 SF CORNER LOT.
LOCATED AT THE SIGNALIZED INTERSECTION OF EASTERN AVE. & CLARA ST. GOOD CAR TRAFFIC COUNTS; OVER 32,000 CARS PER DAY AT THE INTERSECTION OF EASTERN AVE. & CLARA ST.
OFFERED AT A 5.4% CAP RATE ON CURRENT INCOME!!!
ONLY 1 BLOCK AWAY FROM THE BICYCLE HOTEL & CASINO.
GREAT ACCESSIBILITY; JUST EAST OF THE 710 FREEWAY.
EXCELLENT DEMOGRAPHICS: OVER 50,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & JUST UNDER 300,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.