The Azzi Group at Marcus & Millichap is pleased to present the exclusive offering of a 7-Eleven located at 1960 Santa Fe Avenue in Long Beach, California. This high-performing retail asset is secured by an absolute NNN lease with a franchisee guarantee, requiring no landlord responsibilities7-Eleven is fully responsible for… Read More taxes, insurance, and all maintenance. The property occupies a prominent signalized hard corner with excellent visibility and strong traffic exposure along Santa Fe Avenue. Located in a dense urban corridor, the site benefits from a proven operating history and is surrounded by national and regional tenants, residential housing, and local schools. With over 300,000 residents within a five-mile radius, the area drives steady foot traffic and supports long-term retail performance. This offering provides stable, long-term income with 5.5 years remaining on the base lease term and two five-year renewal options. Effective January 2026, the annual rent will increase to $106,800, further enhancing cash flow and yield. Combining passive income, strong demographics, and a prime Long Beach location, this investment offers secure returns and long-term upside in one of Southern California's most supply-constrained markets. Read Less
Listing Snapshot
Days Online
71
Last Updated
Property Type
Other
Square Ft.
3,188
Lot Size
0.21 Acres
Year Built
1945
MLS Number
25562133
30 Days Snapshot Of 90810
$651k
-12%
(avg) sold price
9
+12%
homes sold
74
+27%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1945, Building area total: 3,188, Levels: One, Living area: 3188, 1 story, 1 building
Income
Gross income: $94,680, Net operating income: $94,680
Lot
0.2132 acres, 9,287 square feet, Size: 9,287
Parking
9 totals parking
Property
Zoning: LBCCA
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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