Description
This 7-Eleven Anchored shopping center is in the heart of Los Angeles, located at the high traffic intersection of Washington Boulevard and Western Avenue, just north of the I-10 freeway. This classic "L-shaped" strip center is comprised of 10 commercial units. This property is full of upside potential due to the short term nature of all of the leases. 77% of the leasable area will be month to month by 2024. In addition, the 7-Eleven lease is expiring in approximately 4 years with no further options to renew. 7-Eleven has already expressed interest in renewing their lease. Also, nearly 60% of the leasable area is on gross lease basis, representing significant upside by converting these tenancies to NNN.
Location
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Listing Agent: Christopher Comfort
Listing Office: Apex Properties
Attribution contact: 424-293-8085
