Skip to main content

Auto Service - Gas-Conv

7-Eleven

3975 Wilshire Blvd, Los Angeles, CA 90010

Listing Price: $13,077,000

Cap Rate
3.25%
Tenant Name
7-Eleven & Outfront Media
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,520
Lease Type
Absolute Net
Rent Per Square Feet
$168.65

Investment Overview

The subject property is an absolute triple net ground leased corporate 7-Eleven located in Los Angeles (Mid-Wilshire), California. 7-Eleven has occupied the site for thirty years and has demonstrated their commitment to the location through brand-new twenty-year lease extension with three, five-year option periods. 7-Eleven operates, franchises, and licenses over 71,000 stores in 17 countries, and in 2020 had an annual revenue over $18.25 billion. The asset also benefits from additional billboard income corporately guaranteed by Outfront Media, Inc (NYSE: OUT) with annual revenue north of $1.5 Billion.

Investment Highlights

  • Irreplaceable A+ Trophy Asset in the Greater Wilshire/Koreatown neighborhood of Central Los Angeles
  • Brand New 20-Year Corporate 7-Eleven Lease Extension Demonstrating Strong Commitment - 30 Years of Historical Occupancy in the Mid-Wilshire Corridor of the Central Region of Los Angeles
  • Brand New Corporate Outfront Media, Inc 15-Year Lease Demonstrating Continued Commitment to the Site
  • Features Easy Access and Excellent Visibility on the Hard, Signalized Corner of Wilshire Boulevard (±51,000 VPD) and South Wilton Place (±34,000 VPD)
  • Most Densely Populated Region of Los Angeles County – Nearly 82,000 People Reside in a One-Mile Radius, Approximately 650,000 People in a Three-Mile Radius, and Over 1,420,000 People in a Five-Mile Radius
  • Dozens of Nearby Residential/Commercial Developments – Over 2,000 Residential Units Completed This Year or Being Constructed in a Two-Mile Radius | Dozen of Mixed-Use Developments in a One-Mile Radius Totaling over $1.25 Billion in Real Estate Development Value

Exclusively Listed By

Listing Price: $13,077,000

Cap Rate
3.25%
Tenant Name
7-Eleven & Outfront Media
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,520
Lease Type
Absolute Net
Rent Per Square Feet
$168.65

Investment Highlights

  • Irreplaceable A+ Trophy Asset in the Greater Wilshire/Koreatown neighborhood of Central Los Angeles
  • Brand New 20-Year Corporate 7-Eleven Lease Extension Demonstrating Strong Commitment - 30 Years of Historical Occupancy in the Mid-Wilshire Corridor of the Central Region of Los Angeles
  • Brand New Corporate Outfront Media, Inc 15-Year Lease Demonstrating Continued Commitment to the Site
  • Features Easy Access and Excellent Visibility on the Hard, Signalized Corner of Wilshire Boulevard (±51,000 VPD) and South Wilton Place (±34,000 VPD)
  • Most Densely Populated Region of Los Angeles County – Nearly 82,000 People Reside in a One-Mile Radius, Approximately 650,000 People in a Three-Mile Radius, and Over 1,420,000 People in a Five-Mile Radius
  • Dozens of Nearby Residential/Commercial Developments – Over 2,000 Residential Units Completed This Year or Being Constructed in a Two-Mile Radius | Dozen of Mixed-Use Developments in a One-Mile Radius Totaling over $1.25 Billion in Real Estate Development Value

Investment Overview

The subject property is an absolute triple net ground leased corporate 7-Eleven located in Los Angeles (Mid-Wilshire), California. 7-Eleven has occupied the site for thirty years and has demonstrated their commitment to the location through brand-new twenty-year lease extension with three, five-year option periods. 7-Eleven operates, franchises, and licenses over 71,000 stores in 17 countries, and in 2020 had an annual revenue over $18.25 billion. The asset also benefits from additional billboard income corporately guaranteed by Outfront Media, Inc (NYSE: OUT) with annual revenue north of $1.5 Billion.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower