KW Commercial is pleased to present this 12,894 SF "L-Shaped" 7-Eleven anchored retail center on 26,040 SF signalized corner lot. The offering has excellent frontage with approximately 165 Feet along Eastern Ave. & 190 Feet along Clara St.
The Center consists of 8 tenants, with most having multiple other locations. The average tenancy is over 10 years.
7-Eleven has been at this location for over 30 years and just exercised their last option early. Their current monthly rent is substantially lower than similar type 7-Elevens leases in the area. It is larger than the average 7-Eleven (Approx. 3,382 sf) & generates over 20% of the total income of the Shopping Center. This 7- Eleven also sells beer & wine.
The offering features approximately 35 on-site parking spaces in addition to plenty of street parking. There are 2 points of ingress & egress to enter and exit this Shopping Center. There is also a monument sign at the signalized corner.
This property will attract an investor looking for a signalized corner "L-Shaped" 7-Eleven Shopping Center, operating at a 5% CAP RATE, with huge upside in potential rents and an excellent tenant mix.
• APPROXIMATELY 12,894 SF 7-ELEVEN ANCHORED "L-SHAPED" CENTER ON 26,040 SF CORNER LOT.
• LOCATED AT THE SIGNALIZED INTERSECTION OF EASTERN AVE. & CLARA ST.
• 7-ELEVEN HAS EXERCISED THEIR FINAL OPTION EARLY & PAYS BELOW MARKET RENT PER SF AT ONLY $1.73 /SF FOR AN ENDCAP SPACE!!!
• GOOD CAR TRAFFIC COUNTS; OVER 30,000 CARS PER DAY AT THE INTERSECTION OF EASTERN AVE. & CLARA ST.
• OFFERED AT A 5% CAP RATE ON CURRENT 100% OCCUPANCY, WITH POTENTIAL UPSIDE IN RENTS!!!
• ADJACENT TO THE BICYCLE HOTEL & CASINO.
• GREAT ACCESSIBILITY; JUST EAST OF THE 710 FREEWAY.
• EXCELLENT DEMOGRAPHICS: OVER 50,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & JUST UNDER 300,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.

Google Map