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10/15/25
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A 3.7k sf 7-Eleven in Newport Beach sold for $5.24 mil ($1,416/sf). The asset was acquired by a CA-based private investor and sold by a CA-based family trust.
Situated on the famous Balboa Peninsula just south of Pacific Coast Highway at 1920 W. Balboa Blvd, the property was built in 1975 and 7-Eleven has been at the site for more than 48 years.
Kevin Held with SRS Capital Markets represented the seller in the deal.
“This was a rare opportunity for an investor to own a property occupied by a high-credit, long-term tenant in one of the top beach city locations in the nation. This area has extremely high barriers to entry for retailers and rarely any triple-net retail for sale,” said Held. “This high-profile asset provides a stable, passive, cash-flowing income for the new ownership.”
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