7-Eleven Single Tenant Investment Opportunity 1920 West Balboa Blvd, Newport Beach, CA Cap Rate 4% Newport Beach (Vernon, British Columbia, CA ) Built

$5,953,000 USD

Nu Stream Realty

  • Type: Commercial
  • Style: Commercial
  • Size: 3,651 sq. ft.
  • Development Level: Built
  • Lot Size: 0.28 acres
  • Year Built: 1975


7-Eleven Single Tenant Investment Opportunity 1920 West Balboa Blvd, Newport Beach, CA Cap Rate 4%

Cap Rate: 4%
NOI: $238,114
Building Size: 3,651 sqft
Lot Area: 0.28 acres
Occupancy: 100%
Lease Type: Triple Net
Year Built: 1975
Price Per Sqft: $1,630
Zoning: MU-W2
Parking Spots: 15
Year Last Renovated: 2018
Gross Leaseable Area: 3651
Parking Ratio: 4.061
Roof & Structure: Landlord's Responsibility
HVACTenant Res: ponsibility
Lease Expire Year: 5/5/2030

Price: $5,953,000 USD

Kidder Mathews is pleased to offer the rare opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding, coastal Orange County, 7-Eleven investment property located in Newport Beach, CA.

7-Eleven recently signed a new 10-year lease with 4 (5-year) options to extend, demonstrating their strong commitment to the site. The lease features 10% rental increases in year 6 of the initial term and at the beginning of each option period. The lease is corporate guaranteed by 7-Eleven, Inc., a globally recognized tenant with 67,000+ locations worldwide. The lease NNN with minimal landlord responsibilities making it an ideal investment opportunity for a passive investor. The property has a rare dedicated parking field, offering space for up to 15 vehicles on the parking constrained corridor of Balboa Boulevard.

The subject property is located at the irreplaceable, signalized, hard corner intersection of W Balboa Boulevard and 20th Street with over 21,000 vehicles passing by daily. West Balboa Boulevard is a transition street from Costa Mesa Freeway/State Highway 55 (141,000 VPD). 7-Eleven has excellent visibility with large amounts of street frontage and two points of ingress/egress making it easy for customers to access the site. The site is located in the heart of the Newport Penninsula within walking distance to the boardwalk, the Newport Pier, and restaurant and bars. The store is poised to capture strong demand from the daily through traffic and strong weekend crowds. The 5-mile trade area is supported by a population of nearly 208,000 with an affluent average household income of $140,000. The immediate 1-mile average household income boasts a strong $179,000. Orange County is one of the most affluent and desirable regions in Southern CA, and is the third most densely populated county in the state of CA.

• Brand New 10-Year Lease, Corporate Guaranteed, Rental Increases & Investment-Grade Tenant (S&P: AA-)
• Rare Coastal Orange County Offering with High Barrier Entry
• Signalized, Hard Corner Intersection (21,000+VPD) with Excellent Visibility & Access
• Dense Population in Affluent 5-Mile Trade Area ($140K+Income)
• NNN Lease, Fee Simple Ownership (Land & Building)

For more information:
Javier Tamez Martínez.
Celular: +52 (81) 1599 75 36
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