7-Eleven-Anchored Strip
For Sale
$2,500,000
13701 Hawthorne Blvd, Hawthorne, CA 90250
Fully occupied retail center with a national convenience-store anchor and two month-to-month tenant spaces.
Property Size5,600 SF
Price / SF$446.43
Days on Market68
Property Features for 13701 Hawthorne Blvd
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Anchor Co-Tenants
7-Eleven
Traffic Count
26,000 vehicles/day
Building Details
Building Size
5,600 SF
Year Built
1981
Tenancy
Multi
Listing Agency:
Richard J. Ringer Inc.
(323) 515-8307
Listed By:
Joshua Levy · License #CalDRE #01068569
Source:
Arcainc
Added: Jun 25
Changed: Aug 31
Last Checked: Aug 31 at 3:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Richard J. Ringer Inc.
Investment Insights
Based on property information with market context.
This 5,600-square-foot strip center, built in 1981, is fully occupied and anchored by 7-Eleven. The property includes two additional tenant spaces operating under month-to-month arrangements. A recent 10-year lease extension supports continued 7-Eleven occupancy, which is expected to approach 50 years at the property as of 2026.
The center occupies the signalized corner of Hawthorne Boulevard and 137th Street in Hawthorne, California. The site receives exposure to more than 26,000 vehicles per day and serves more than 276,875 residents within a three-mile radius. Average household income within that radius exceeds $121,182. The surrounding area includes residential neighborhoods and national retailers. Strip centers under 10,000 square feet in the Hawthorne/Gardena submarket reported vacancy below 5% as of Q2 2026, according to CoStar.
The center occupies the signalized corner of Hawthorne Boulevard and 137th Street in Hawthorne, California. The site receives exposure to more than 26,000 vehicles per day and serves more than 276,875 residents within a three-mile radius. Average household income within that radius exceeds $121,182. The surrounding area includes residential neighborhoods and national retailers. Strip centers under 10,000 square feet in the Hawthorne/Gardena submarket reported vacancy below 5% as of Q2 2026, according to CoStar.
Key Highlights
- 5,600‑square‑foot strip center at 13701 Hawthorne Blvd, Hawthorne, CA 90250
- Fully occupied property anchored by 7‑Eleven
- Recent 10‑year lease extension for 7‑Eleven
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$132,748
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,654,960
$2.7M
Cap Rate 7%
$1,896,400
$1.9M
Cap Rate 9%
$1,474,978
$1.5M
Market Conditions
NOI Build-Up for 5,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$189.5K $33.84/SF
− Vacancy
−$12.5K −$2.23/SF
EGI
$177.0K $31.61/SF
− OpEx
−$44.2K −$7.90/SF
NOI
$132.7K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,654,960
Cap Rate 7%
$1,896,400
Cap Rate 9%
$1,474,978
Alternative Uses
Best Use
Specialty Retail
$1.90M
$1.66M – $2.21M
NOI $132,748 @ 7.0% cap · market cap 5.31%
Second Best
Retail
$1.77M
$1.55M – $2.06M
NOI $123,898 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,875 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,138
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 80%
Shops & Services 11%
Apparel 9%
Target
Superstores
67,835 visits/mo
0.5 miles
7-Eleven
Shops & Services
9,223 visits/mo
0.4 miles
Foot Locker
Apparel
7,266 visits/mo
0.5 miles
Demographics for 90250, CA
97,653
Population
34,105
Households
2.9
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
6.8 sq mi
ZIP Area
14,361
Density / Sq Mi
$74,923
Median Household Income
$40,288
Median Earnings
$1,723
Median Rent
$827,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail center with a national convenience-store anchor and two month-to-month tenant spaces.
Where is this strip mall located?
The property is located at 13701 Hawthorne Blvd Hawthorne, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5,600‑square‑foot strip center at 13701 Hawthorne Blvd, Hawthorne, CA 90250; Fully occupied property anchored by 7‑Eleven; Recent 10‑year lease extension for 7‑Eleven
