100% Leased Corporate 7-Eleven Anchored Strip w/ Prime I-10 Visibility
2120 South Fremont Avenue
Alhambra, CA 91803
Highlights
- Rare 100% Leased Multi-Tenant NNN Investment Opportunity
- Corporate 7-Eleven Anchored (Since 2007) with Great Tenant Mix
- Unparalleled I-10 Freeway Visibility - Over 215,000 Cars Per Day
- Adjacent to I-10 Freeway On and Off Ramp @ Fremont Ave
- Top Producing Michoacana Location - Over $1.2M Annual Revenue
- Additional Income from Cell Tower & Parking Lot
- Staggered Lease Expirations Provides for Stable Income
- Surrounded by Residential w/ Limited Commercial Competition
- New Roof, Parking Slurry Coat & Over $700,000 in Electrical Upgrades in 2020
- Over 760,000 Population and 247,000 Households within 5 Mile Radius
- Strong Average Household Income of $100,893 within 1 Mile Radius
- Minutes From California State University Los Angeles & East Los Angeles College
Description
NAI Capital, as exclusive advisors to ownership, is proud to present this rarely available, 100% leased multi-tenant net leased investment opportunity located in the city of Alhambra. The property is located on Fremont Avenue adjacent to the 10 Freeway with on and off ramp access and excellent visibility to over 215,000 cars per day. The asset consists of 11 tenants that include 7 Eleven, Michoacana Ice Cream, Papa John's Pizza and a great mix of food, fitness and medical uses.
This opportunity offers an investor the chance to own a property within the highly sought after city of Alhambra. The center is strategically located to allow optimum success for any tenant who services the area. Tenants also enjoy a densely populated neighborhood and the ability to reach a larger radius of customers from the visibility and traffic of the 10 Freeway.
The center is very well maintained and has minimal to no deferred maintenance. The seller has also upgraded the electrical systems and installed a new roof in the past few years.
The Fremont Center is located on the corner of Fremont Avenue and CA Interstate 10, one of the busiest interstate highways in the United States. The exposure and visibility at this center is tremendous, with over 215,000 cars passing by per day on I-10. The property also lies between Ramona Road and Montezuma Avenue, which leads to the local Granada Park.. Surrounding cities include: San Gabriel, Monterey Park, Rosemead, Pasadena, San Marino and Los Angeles. The center is surrounded by many residential homes with values on average of $909,029 (Zillow), and offers easy access to the 10 and 710 Freeways.
