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 units of which one is currently vacant.
The tenants include: a 7-Eleven, Farmers Insurance Office, a Pharmacy, a Pizza Restaurant, an Oriental Spa, a Barber Shop, and a Staffing Company. The average tenancy is approximately 8.5 years.
7-Eleven has been at this location for almost 20 years. This 7-Eleven is larger than the average 7-Eleven (Approx. 3,382 sf) & generates just under 30% 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 of "L-Shaped" 7-Eleven Shopping Center with an excellent tenant mix with seasoned tenancy.
Eastern Plaza is located at the northwest corner of the signalized intersection at Eastern Ave. & Clara St. This intersection has good car traffic counts with over 32,000 cars per day.
The property has good freeway access; it is just east of the 710 FWY and situated between the 5, 605, & 105 freeways.
The offering is located just 1 block south of the Bicycle Hotel & Casino.
The subject property is located in a densely populated area of Los Angeles, with over 50,000 people residing within a 1-mile radius and approximately 300,000 people residing within a 3-mile radius.