6090 Long Beach Blvd Long Beach, CA 90805
- Gas stations
- 2,145 SF
- 0.52 lot acres
Current Use by Public Records
- Gas stations
Property Details for 6090 Long Beach Blvd
- Year built
- 1966
- Lot size
- 0.52 lot acres
- Property size
- 2,145 SF
- Zone code
- LBCCA
- Property type
- Gas stations
- APN
- 7307-016-002
- APU
- 7307016002
Description
This exceptional investment opportunity presents a newly constructed, 3,010 square foot 7-Eleven convenience store and gas station located in Long Beach, California. Situated on a 0.52-acre lot at the hard corner of Long Beach Boulevard (24,300+ vehicles per day) and East Victoria Street (7,800+ vehicles per day), this property benefits from high visibility and significant traffic volume. Its strategic location is further enhanced by its proximity to Interstate 710 (207,300+ vehicles per day), placing it within easy reach of a large consumer base. The property is part of a bustling commercial area with numerous national retailers nearby, including CVS, Arco, AutoZone, and several fast-food chains. The building features a 15-year primary lease term with three 5-year option periods, guaranteeing long-term income stability. Rent increases of 7.5% every five years provide built-in inflation protection. The absolute NNN lease structure ensures minimal landlord responsibilities, making this an ideal investment for passive income generation. The property boasts a 4.75% cap rate and a net operating income (NOI) of $275,000, with 100% occupancy. The asking price is $5,790,000, translating to a price per square foot of $1,923.59. The property's location within the Los Angeles Metropolitan Statistical Area, the seventh largest city in California, ensures access to a substantial market of over 12 million people. The 7-Eleven brand, known for its strong national presence and investment-grade credit rating, further enhances the investment's appeal. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The property's APN is 7307-016-002.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.2
- Latitude
- 33.8653
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
