1920 W Balboa Blvd - Freestanding FOR SALE
Newport Beach, CA 92663 |
$5,952,850 USD
619-361-7662
1920 W Balboa Blvd
Newport Beach, CA 92663
HIGHLIGHTS
- Investment grade tenant – 7-Eleven rated A (Stable) by Standard & Poors
- Recent lease renewal demonstrates 7-Eleven’s commitment to this location
- Rare coastal Orange County retail offering with High Barriers to Entry
- High income area – average household income is $232,820 within a 1-mile radius and is projected to increase to $261,196 by 2028
- Dense surrounding population – 196,173 residents within a 5-mile radius
- Situated on the famous Balboa peninsula on W Balboa Blvd (~21,000 VPD) across the street from Newport Beach Pier
FOR SALE DETAILS
PRICE
$5,952,850 USD
PRICE/SF
$1,284 USD /SF
CAP RATE
4.4%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
13
LAND DETAILS
LAND ACRES
0.24 AC
LAND SF
10,454 SF
ZONING
MU-W2
APN/PARCEL ID
047-161-38,047-161-39
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619-361-7662
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619-361-7662
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