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1960 Santa Fe Ave

Long Beach, CA 90810

$1,985,000

The property is fully leased to a single tenant 7-Eleven franchisee under a brand new 10 year lease + 2 (5yr) options. The building has been COMPLETELY renovated. All new plumbing, all new electrical, new structural components, all new roof, all new HVAC, and new parking lot. All together, the building’s renovation cost has been north of $500,000. In addition to the building renovation, the franchisee and 7-Eleven is in the process of installing an all new equipment and fixtures package with the most up to date 7-Eleven prototype, with a value of approx. $300,000+. The franchisee has over 15 years of experience as a 7-Eleven operator, with multiple locations. The property is well parked and highly visible for both vehicular and pedestrian traffic. Zoning is LBCCA (Long Beach Commercial).

  • Retail
  • 3,010
  • 9,227
  • 3535