728 W Vernon Ave

Highlights

• 100% Leased to Three NNN Tenants – The property is fully leased to three NNN tenants responsible for the payment of Common Area Costs, Property Taxes, and Insurance which reduces an investor’s inflationary risk.
• Corporate 7-Eleven Lease – The 7-Eleven lease is signed directly with 7-Eleven, Inc. and offers investors an investment grade tenant (S&P: A)
• #1 Convenience Store – 7-Eleven ranked #1 Most Trusted Convenience Store Chain by Newsweek (2023), ranked #1 Convenience Store Chain by Convenience Store News (2023), and ranked #1 Convenience Store Chain by CSP News Daily (2022).
• Costly Tenant Improvements – An investor will benefit from the costly improvements made to the property that are required to operate a coin laundry business, including utilities and drainage.
• Proximity to I-110 Freeway – Located approximately 0.3 miles from the W Vernon Ave exit, the property is easily accessible to over 300,000 cars per day along Interstate 110, a major transportation route and vital to commuters traveling in and out of downtown Los Angeles.
• High Density Trade Area – The subject property is positioned in in a densely populated region of South Los Angeles with over 20,000 people in a half-mile radius and over 66,200 people in a 1-mile radius.
• L.A. Metro Bus Stop – The Vernon/Hoover stop of the L.A. Metro 105 Line (Vernon – Santa Fe) is positioned directly in front of the building and serves a community where over 55% of the households in the 0.5-mile radius have 1 vehicle or less and 22% of households with no vehicle.

Attachments

• Los Angeles - 7-Eleven Center at Vernon and Hoover.pdf (PDF) opens in new window

Location