Freestanding Drive-Thru Restaurant For
For Sale
Contact for pricing
1601 East 7th Street, Long Beach, CA 90813
Newly leased drive-thru restaurant in Long Beach, California.
Property Size1,775 SF
Price / SF$1,071
Days on Market116
Property Features for 1601 East 7th Street
General Information
Standard status
Active
Size
1,775 SF
Total Parking Spaces
14
Property subtype
Retail
Zoning
LBCNR
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$123,600
Building Details
Year Built
1970
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Pegasus Investments
Listed By:
Tony Veiller · License #CA 01995952
(310) 691-1350
Source:
Crexi
Added: May 11
Changed: Aug 13
Last Checked: Sep 1 at 9:50AM
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 Pegasus Investments
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,414
Businesses Nearby
106k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Dining 34%
Shops & Services 10%
Northgate Gonzalez Markets
Groceries
45,241 visits/mo
0.4 miles
McDonald's
Dining
20,241 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
14,054 visits/mo
0.1 miles
7-Eleven
Shops & Services
10,412 visits/mo
0.3 miles
SUBWAY
Dining
4,416 visits/mo
0.2 miles
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
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?
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 $1,902,000.
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.
