Triple net investments For Sale | Triple Net / Sale | 7 Eleven
Sold
Featured Listing
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
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On HOMEiZ: 1420 days
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Updated: 3 years ago
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Views: 1833
Location Map
Property Data Public Records
Property address & APN Number
| 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 |
Property Characteristics
| 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 |
Property Legal Description Information
| Lot Code | |
| Block | |
| Section | |
| District | |
| Subdivision | |
| Tract Number | |
| Phase Number | |
| Unit | |
| Land Lot | |
| Sec Twnship Range | |
| Legal Brief Description | P BK 67 PG 12 PAR 1 P.M. 67-12 PAR 1 POR OF PAR |
| City Muni Twp |
Date Property Last Sold or Refinanced
| 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 |
Property Tax Assessment Information
| Tax Amount | $14,169 |
| Tax Rate Area | 7-001 |
| Improvement Value | $354,000 |
| Tax Status | Current |
| Tax Year | 2020 |
Neighborhood Sales Analysis Info
| 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 |
Comparable Sold Properties & Maps
| Proximity | 1.28 |
| Site Address | 355 PLACENTIA AVE |
| + Full info | |
| Proximity | 1.27 |
| Site Address | 441 OLD NEWPORT BLVD |
| + Full info | |
| Proximity | .45 |
| Site Address | 501 30TH ST |
| + Full info | |
| Proximity | 1.28 |
| Site Address | 355 PLACENTIA AVE |
| + Full info | |
| Proximity | .42 |
| Site Address | 2912 LAFAYETTE RD |
| + Full info | |
| Proximity | .42 |
| Site Address | 504 30TH ST |
| + Full info | |
| Proximity | .24 |
| Site Address | 2410 NEWPORT BLVD |
| + Full info | |
Neighborhood Information Of Subject Property & Maps
| Site Address | 1920 W BALBOA BLVD |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 1910 W BALBOA BLVD |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 208 20TH ST |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 209 19TH ST |
| Site Unit | 2 |
| + Full info | |
| Site Address | 211 19TH ST |
| Site Unit | 3 |
| + Full info | |
| Site Address | 207 19TH ST |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 210 20TH ST |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 1906 W BALBOA BLVD |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 1902 W BALBOA BLVD |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 1904 W BALBOA BLVD |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 1900 W BALBOA BLVD |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 215 19TH ST |
| Site Unit | 2 |
| + Full info | |
| Site Address | 213 19TH ST |
| Site Unit | 1 |
| + Full info | |
| Site Address | 212 20TH ST |
| Site City | NEWPORT BEACH |
| + Full info | |
| Site Address | 214 20TH ST |
| Site City | NEWPORT BEACH |
| + Full info | |
Household
| 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 |
Family
| Description | Zip Total | National Total |
|---|---|---|
| 2000 | 4,636 | 71,787,347 |
| 2009 | 4,678 | 77,956,117 |
| Family Growth Rate | 0.1 % | 0.9 % |
Age Distribution
| 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 % |
Median Age
| Description | Zip Total | National Total |
|---|---|---|
| 2009 | 38.9 | 36.9 |
| Male Ratio | 52.1 % | 49.2 % |
| Female Ratio | 47.9 % | 50.8 % |
Household Income
| 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 % |
Median Household Income
| 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 |
Household Income Centile
| Description | Zip Total | National Total |
|---|---|---|
| National | 96.0 % | |
| State | 90.0 % |
School District Information
| 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 |
Public schools Information & Maps
Newport Heights Elementary
Distance: .38Address: 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: .46Address: 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: .90Address: 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: 1.22Address: 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
Private schools Information & Maps
ST ANDREWS PRESBYTERIAN PRESCHOOL
Affiliation: PresbyterianGender: 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: NonsectarianGender: Coed
Distance: 2.07
Address: 320 E 18TH STREET COSTA MESA CA 92627 3103
Phone: 949-722-7242
ST JOACHIM ELEMENTARY SCHOOL
Affiliation: Roman CatholicGender: Coed
Distance: 2.55
Address: 1964 ORANGE AVENUE COSTA MESA CA 92627 2238
Phone: 949-574-7411
PAGE PRIVATE SCHOOL
Affiliation: NonsectarianGender: 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: NonsectarianGender: Coed
Distance: 3.02
Address: 657 VICTORIA STREET COSTA MESA CA 92627 2526
Phone: 949-515-1700
CHRIST LUTHERAN SCHOOL
Affiliation: Lutheran Church - Missouri SynodGender: 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 CatholicGender: 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 AdventistGender: Coed
Distance: 3.32
Address: 271 AVOCADO STREET COSTA MESA CA 92627 1631
Phone: 310-532-3770
SOUTH COAST PRIORITY
Affiliation: NonsectarianGender: Coed
Distance: 3.39
Address: 740 JOANN STREET COSTA MESA CA 92627 2902
Phone: 949-645-3100
ST MATTHEWS MONTESSORI SCHOOL
Affiliation: EpiscopalGender: Coed
Distance: 3.46
Address: 2300 FORD ROAD NEWPORT BEACH CA 92660 5400
Phone: 949-219-0915
NEWPORT COAST PRESCHOOL
Affiliation: NonsectarianGender: Coed
Distance: 3.47
Address: 2350 FORD ROAD NEWPORT BEACH CA 92660 5400
Phone: 949-644-4914
THE WALDORF SCHOOL OF ORANGE COUNTY
Affiliation: NonsectarianGender: 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 ID: 2520
Status: Sold
For Sale
$5,925,000
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Export To PDFDisclaimer: School attendance zone boundaries and information are provided by a third party and subject to change at anytime without a notice. Please Check with the applicable school district prior to making your decision based on these boundaries and information.
School ratings: The GreatSchools Rating is a simple tool that helps you compare schools based on test scores and other available data, including student academic growth and college readiness. GreatSchools is always working to improve the rating and add more information when state education agencies make school quality data publicly available. Learn more
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