6090 Long Beach BlvdLong Beach, CA 90805

Property Details for 6090 Long Beach Blvd

Year built

1966

Lot size

0.52 AC

Property size (Sq ft)

2,145 SF

Zone code

LBCCA

Property type

Retail properties

Property subtype

Gas stations

APN

7307-016-002

APU

7307016002

Description

This exceptional investment opportunity presents a newly constructed, 3,010 square foot 7-Eleven convenience store and gas station located in Long Beach, California. Situated on a 0.52-acre lot at the hard corner of Long Beach Boulevard (24,300+ vehicles per day) and East Victoria Street (7,800+ vehicles per day), this property benefits from high visibility and significant traffic volume. Its strategic location is further enhanced by its proximity to Interstate 710 (207,300+ vehicles per day), placing it within easy reach of a large consumer base. The property is part of a bustling commercial area with numerous national retailers nearby, including CVS, Arco, AutoZone, and several fast-food chains. The building features a 15-year primary lease term with three 5-year option periods, guaranteeing long-term income stability. Rent increases of 7.5% every five years provide built-in inflation protection. The absolute NNN lease structure ensures minimal landlord responsibilities, making this an ideal investment for passive income generation. The property boasts a 4.75% cap rate and a net operating income (NOI) of $275,000, with 100% occupancy. The asking price is $5,790,000, translating to a price per square foot of $1,923.59. The property's location within the Los Angeles Metropolitan Statistical Area, the seventh largest city in California, ensures access to a substantial market of over 12 million people. The 7-Eleven brand, known for its strong national presence and investment-grade credit rating, further enhances the investment's appeal. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The property's APN is 7307-016-002.

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.8653

Longitude

-118.2

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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