2120-2150 S Fremont Ave

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 2120 S Fremont Avenue, a 14,060 square foot 7-Eleven anchored “L” shaped strip center situated on 0.82 acres of land (35,925 SF) ideally located at the signalized corner of Fremont Avenue and Montezuma Avenue at the on and off ramp of the Interstate 10 Freeway in Alhambra, CA.
2120 S Fremont Avenue is 100% occupied by internet resistant tenants and restaurants. The center’s (9) units average 1,604 SF ideal retail
spaces that can appeal to a variety of uses. The current tenants have staggered leases with 37.32% expiring in 2026, 16.62% in 2027, 18.77% in 2028, 6.93%% in 2029, and 20.37% after 2030, creating income stability. The seasoned tenancy has occupied the center in excess of 9 years, on average. The center is occupied by 50.3% regional and national tenants including 7-Eleven, Papa John’s, and Michoacana. The current monthly rent is $49,188.17 ($3.41/SF) NNN with an additional $1,458.00 per month from a cell tower, freeway sign, and seasonal TNT Fireworks stand. Ownership has received interest for EV charging stations and a double-sided digital billboard as additional income sources.
As a testament to the center’s excellent fundamentals, 7-Eleven has anchored the property since 2007, more than 17 years. 7-Eleven recently completed a store renovation showing their commitment to the center. The tenant currently pays $11,193.75/month ($4.66/SF) NNN through 7/31/2027 with three (3) remaining five (5)-year options to extend. 7-Eleven is a global convenience store brand with more than 13,000 stores operated, franchised, or licensed in the US and Canada and more than 84,000 globally. The convenience store chain was founded in 1927 and is now headquartered in Irving, Texas. While not publicly traded, it is a wholly owned subsidiary of Seven & I Holdings Co. in Japan trading under the ticker SVNDY. The company recently received an acquisition offer from the parent company of Circle K convenience stores for $39 billion.
The subject property is located at the on and off ramp at Fremont Avenue of the Interstate 10 Freeway in Alhambra, CA. The property
enjoys excellent visibility with approximately 320 and 110 feet of frontage along Fremont Avenue and Montezuma Avenue, respectively. As a result of its corner location, traffic counts exceed 27,000 vehicles per day with multiple points of egress/ingress along both Fremont Avenue and Montezuma Avenue, providing access to the property’s fifty-seven (57) surface parking spaces (a ratio of 4.05 spaces per 1,000 SF). The center recently underwent a nearly $1 million renovation with new HVACs, new transformer, electrical switchboard, tenant panels, electrical lines. The center now has ample power to satisfy tenant needs.