1601 East 7th Street Long Beach, CA 90813

Building Details

Year Built

1970

Listing Agency Pegasus Investments Show Phone

Listed by Tony Veiller · License #CA 01995952

Source Crexi

Added: May 11 Checked: Jul 19 at 7:39 am

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Investment Insights

Based on property information with market context.

This is a freestanding Teriyaki J’s drive-thru restaurant for sale, located in Long Beach, California. The property is a newly leased 1,775 SF building situated on a signalized hard corner in the Hellman District. The lease is a new, 10-year 100% Absolute NNN lease, with the tenant responsible for all property expenses. The lease features 3.00% annual increases. Upon expiration of the base term, the lease includes one 5-year renewal option where rent is increased to the fair market value and thereafter resumes to 3.00% annual increases. The lease is backed by Teriyaki J’s and supported by an absolute and unconditional guaranty from the company’s founders. Long Beach is the 7th largest city in California and benefits from a strategic location between Los Angeles and Orange County. The economy is anchored by the Port of Long Beach. Anduril Industries is developing a 1.2 million square foot campus in Long Beach, expected to deliver over 5,500 new jobs upon completion in 2027.

Key Highlights

• New 10‑year 100% Absolute NNN lease provides passive income.
• Sub $2 million price point, significantly below typical drive‑thru restaurant prices in the Los Angeles area.
• Above‑market 3.00% annual rent increases provide a hedge against inflation and built‑in rent growth.

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FAQs

What type of property is this?

Drive through restaurant - Newly leased drive-thru restaurant in Long Beach, California.

Where is this drive through restaurant located?

The property is located at 1601 East 7th Street Long Beach, CA.

What is the asking price?

The asking price for this property is $1,951,000.

What are key features of this property?

This property features: New 10‑year 100% Absolute NNN lease provides passive income.; Sub $2 million price point, significantly below typical drive‑thru restaurant prices in the Los Angeles area.; Above‑market 3.00% annual rent increases provide a hedge against inflation and built‑in rent growth.