Triple net investments For Sale | Triple Net / Sale | 7 Eleven

1920 West Balboa Boulevard
Balboa Peninsula, CA 92663
County: Orange

Asking price: $5,925,000

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 is 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. For more information please contact the listing agent, MICHAEL WALSETH 949.400.4261 michael.walseth@kidder.com

Posted: 11/17/2020 5:57 pm | On HOMEiZ: 103 days | Updated: 3 months ago | Views: 126

Location Map

Property Data Public Records

Unit
Address 1920 W BALBOA BLVD
City NEWPORT BEACH
State CA
Zip 92663
Zip4 4312
Assessor's Parcel Number 047-161-38
County Name ORANGE
FIPS 06059
Bedrooms 0
Year Built
Building Area 0
Baths 0
Garage Type
Garage Num Cars 0
Lot Size, SQFT 10,523
Lot Size Units SF
Total Rooms
Fireplace
Num Units 0
Zoning
Pool
Use Code Commercial (General)
Basement
Latitude 33.608515
Longitude -117.926833
No of Stories
Building Style
Transfer Date 10/29/2020
Seller Name NORTHERN CALIFORNIA INVESTORS III LLC, ; MEGDAL ORANGE LLC,
Sales Price $6,100,000
Document Number 2020000614841
Price Per SQFT Infinity
Loan Amount 0
Lender Name
Title Company COMMONWEALTH LAND TITLE CO
Tax Amount $14,169
Tax Rate Area 7-001
Improvement Value $354,000
Tax Status Current
Tax Year 2020
Total Area Sales 7
Median Lot Size 2,713
Median Living Area 0
Price Range Min $528,000
Price Range Max $8,685,000
Median Value $2,442,000
Median Num Beds 0
Median Num Baths 0
Median Year Built 1964
Age Range Min 39
Age Range Max 73
Median Age 56
Proximity 1.28
Site Address 355 PLACENTIA AVE
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Proximity 1.27
Site Address 441 OLD NEWPORT BLVD
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Proximity .45
Site Address 501 30TH ST
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Proximity 1.28
Site Address 355 PLACENTIA AVE
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Proximity .42
Site Address 2912 LAFAYETTE RD
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Proximity .42
Site Address 504 30TH ST
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Proximity .24
Site Address 2410 NEWPORT BLVD
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Site Address 1920 W BALBOA BLVD
Site City NEWPORT BEACH
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Site Address 1910 W BALBOA BLVD
Site City NEWPORT BEACH
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Site Address 208 20TH ST
Site City NEWPORT BEACH
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Site Address 209 19TH ST
Site Unit 2
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Site Address 211 19TH ST
Site Unit 3
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Site Address 207 19TH ST
Site City NEWPORT BEACH
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Site Address 210 20TH ST
Site City NEWPORT BEACH
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Site Address 1906 W BALBOA BLVD
Site City NEWPORT BEACH
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Site Address 1902 W BALBOA BLVD
Site City NEWPORT BEACH
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Site Address 1904 W BALBOA BLVD
Site City NEWPORT BEACH
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Site Address 1900 W BALBOA BLVD
Site City NEWPORT BEACH
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Site Address 215 19TH ST
Site Unit 2
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Site Address 213 19TH ST
Site Unit 1
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Site Address 212 20TH ST
Site City NEWPORT BEACH
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Site Address 214 20TH ST
Site City NEWPORT BEACH
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Description Zip Total National Total
2000 10,819 105,480,101
2009 10,845 116,523,156
2014 10,861 122,109,448
Household Growth Rate 1.1 %
Average Household Size 2.1 2.6
Description Zip Total National Total
2000 4,636 71,787,347
2009 4,678 77,956,117
Family Growth Rate 0.1 % 0.9 %
Description Zip Total National Total
0-4 3.5 % 6.8 %
5-9 3.4 % 6.7 %
10-14 3.7 % 6.6 %
15-19 4.2 % 7.1 %
20-24 8.1 % 6.9 %
25-44 35.7 % 27.0 %
45-64 26.3 % 26.0 %
65-84 12.1 % 10.9 %
85+ 3.0 % 1.9 %
Description Zip Total National Total
2009 38.9 36.9
Male Ratio 52.1 % 49.2 %
Female Ratio 47.9 % 50.8 %
Description Zip Total National Total
% < $25K 9.0 % 20.9 %
% $25K-50K 11.9 % 24.4 %
% $50K-100K 31.0 % 35.3 %
% $100K-150K 20.8 % 11.7 %
% >$150K 27.4 % 7.6 %
Description Zip Total National Total
2009 $96,270.00 $54,719.00
2014 $103,136.00 $56,938.00
Per Capita Income $62,703.00 $27,277.00
Description Zip Total National Total
National 96.0 %
State 90.0 %
District Name NEWPORT-MESA UNIFIED
District Address PO BOX 1368
District City NEWPORT BEACH
District State CA
District Zip 92659
District Zip4 0368
District Phone 714-424-5000
Grade Span KG-12
Student Teacher Ratio 21.3:1
Newport Heights Elementary
Distance: .38
Address: 300 E. 15th St. Newport Beach CA 92663 2663
Phone: 949-515-6970
Lowest Grade: Kindergarten
Highest Grade: Grade 6
Student / Teacher Ratio: 1:22.1
Administrators: 33
Kindergarten Membership: 80
Newport Elementary
Distance: .46
Address: 14th St. and Balboa Blvd. Newport Beach CA 92663 2663
Phone: 949-515-6965
Lowest Grade: Kindergarten
Highest Grade: Grade 6
Student / Teacher Ratio: 1:21.4
Administrators: 23
Kindergarten Membership: 56
Ensign (Horace) Intermediate
Distance: .90
Address: 2000 Cliff Dr. Newport Beach CA 92660 2660
Phone: 949-515-6910
Lowest Grade: Grade 7
Highest Grade: Grade 8
Student / Teacher Ratio: 1:24.8
Administrators: 51
Kindergarten Membership: 0
Newport Harbor High
Distance: 1.22
Address: 600 Irvine Ave. Newport Beach CA 92663 2663
Phone: 949-515-6300
Lowest Grade: Grade 9
Highest Grade: Grade 12
Student / Teacher Ratio: 1:25
Administrators: 107
Kindergarten Membership: 0
ST ANDREWS PRESBYTERIAN PRESCHOOL
Affiliation: Presbyterian
Gender: Coed
Distance: 1.18
Address: 600 SAINT ANDREWS ROAD NEWPORT BEACH CA 92663 5325
Phone: 949-574-2234
CARDEN HALL
Affiliation:
Gender: Coed
Distance: 1.68
Address: 1541 MONROVIA AVENUE NEWPORT BEACH CA 92663 2806
Phone: 949-645-1773
KLINE SCHOOL
Affiliation: Nonsectarian
Gender: Coed
Distance: 2.07
Address: 320 E 18TH STREET COSTA MESA CA 92627 3103
Phone: 949-722-7242
ST JOACHIM ELEMENTARY SCHOOL
Affiliation: Roman Catholic
Gender: Coed
Distance: 2.55
Address: 1964 ORANGE AVENUE COSTA MESA CA 92627 2238
Phone: 949-574-7411
PAGE PRIVATE SCHOOL
Affiliation: Nonsectarian
Gender: Coed
Distance: 2.74
Address: PO BOX 10909 COSTA MESA CA 92627 0909
Phone: 949-515-1700
PORT MESA CHRISTIAN SCHOOL
Affiliation: Christian (no specific denomination)
Gender: Coed
Distance: 2.93
Address: 650 HAMILTON STREET COSTA MESA CA 92627 2633
Phone: 949-642-9181
PAGE PRIVATE SCHOOL
Affiliation: Nonsectarian
Gender: Coed
Distance: 3.02
Address: 657 VICTORIA STREET COSTA MESA CA 92627 2526
Phone: 949-515-1700
CHRIST LUTHERAN SCHOOL
Affiliation: Lutheran Church - Missouri Synod
Gender: Coed
Distance: 3.04
Address: 760 VICTORIA STREET COSTA MESA CA 92627 2968
Phone: 949-548-6866
OUR LADY QUEEN OF ANGELS SCHOOL
Affiliation: Roman Catholic
Gender: Coed
Distance: 3.20
Address: 750 DOMINGO DRIVE NEWPORT BEACH CA 92660 4516
Phone: 949-644-1166
SANIKU EAST WEST LANGUAGE SCHOOL
Affiliation: Seventh-Day Adventist
Gender: Coed
Distance: 3.32
Address: 271 AVOCADO STREET COSTA MESA CA 92627 1631
Phone: 310-532-3770
SOUTH COAST PRIORITY
Affiliation: Nonsectarian
Gender: Coed
Distance: 3.39
Address: 740 JOANN STREET COSTA MESA CA 92627 2902
Phone: 949-645-3100
ST MATTHEWS MONTESSORI SCHOOL
Affiliation: Episcopal
Gender: Coed
Distance: 3.46
Address: 2300 FORD ROAD NEWPORT BEACH CA 92660 5400
Phone: 949-219-0915
NEWPORT COAST PRESCHOOL
Affiliation: Nonsectarian
Gender: Coed
Distance: 3.47
Address: 2350 FORD ROAD NEWPORT BEACH CA 92660 5400
Phone: 949-644-4914
THE WALDORF SCHOOL OF ORANGE COUNTY
Affiliation: Nonsectarian
Gender: Coed
Distance: 3.47
Address: 2350 CANYON DRIVE COSTA MESA CA 92627 3948
Phone: 949-574-7775
THE SUSAN PHILLIPS DAY SCHOOL
Affiliation: Christian (no specific denomination)
Gender: Coed
Distance: 3.50
Address: 2401 IRVINE AVENUE NEWPORT BEACH CA 92660 3412
Phone: 949-645-1949
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Listing Info

Listing ID: 2520 Status: Sold

For Sale

$5,925,000

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