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Property Description

The Azzi Group at Marcus & Millichap is pleased to present the exclusive offering of a 7-Eleven located at 1960 Santa Fe Avenue in Long Beach, California. This high-performing retail asset is secured by an absolute NNN lease with a franchisee guarantee, requiring no landlord responsibilities7-Eleven is fully responsible for taxes, insurance, and all maintenance. The property occupies a prominent signalized hard corner with excellent visibility and strong traffic exposure along Santa Fe Avenue. Located in a dense urban corridor, the site benefits from a proven operating history and is surrounded by national and regional tenants, residential housing, and local schools. With over 300,000 residents within a five-mile radius, the area drives steady foot traffic and supports long-term retail performance. This offering provides stable, long-term income with 5.5 years remaining on the base lease term and two five-year renewal options. Effective January 2026, the annual rent will increase to $106,800, further enhancing cash flow and yield. Combining passive income, strong demographics, and a prime Long Beach location, this investment offers secure returns and long-term upside in one of Southern California’s most supply-constrained markets.

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Additional Information
Tony Azzi
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CLW-X04828
CLW-X00860
Tony
7431019019
: Standard
One
32

Multi-Family For Sale

1960 Santa Fe Avenue, Long Beach, California 90810

3,188 Sqft
$1,675,000
Listing ID #25562133
Basic Details
Status : Active
DaysOnMarket : 94
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 25562133
Price : $1,675,000
Living Area : 3,188 Sqft
Lot Size : 9,287 Sqft
Year Built : 1945
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90810
Price Per Square Foot : $525
ModificationTimestamp : 2025-10-10 11:12:25
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