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Newport Beach 7-Eleven Sells to Private Investor - Orange County Business Journal
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Newport Beach 7-Eleven Sells to Private Investor - Orange County Business Journal
A California-based family trust sold a 7-Eleven location it held in Newport Beach’s Balboa Peninsula for $5.2 million. The sale represented a rare real estate transaction on Balboa Peninsula. “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 fo…
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