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Broker

David McNevin

CBRE: NLPG Newport
Net Lease Property Group
Associate
  • 4Active Listings
  • $14,112,000Active Volume
  • 1Under Contract
  • $6,951,000Volume
  • 1Closed Transactions
  • $4,950,000Sold Volume

David McNevin is an Associate for CBRE’s Net Lease Property Group in Newport Beach, California. The team specializes in the acquisition and disposition of single tenant net leased retail assets. David assists the team in outreach of new business development opportunities within the private client, merchant developer, and institutional space. David is passionate about the needs and goals of his client’s portfolios, delivering exceptional work ethic and attention to detail throughout the sales process. Prior to working at CBRE, David was a retail leasing agent for Matthews Real Estate Investment Services focusing on landlord representation throughout Southern California. Throughout his tenure at Matthews, David represented several high-net-worth individuals, developers, and investment groups such as; Shopoff Realty Investments and Watt Companies. His background in leasing allows him to provide a superior level of value to his clients in helping negotiate lease extensions, lease restructures, and value add opportunities.

Licensed in: CA
3501 Jamboree Road, Suite 100 Newport Beach, CA 92660

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860 North Main Street, Corona, CA , 92878
  • Size SF2,533
  • Built/Renov2022
  • Price/SF$1,036
  • Lease Start05-13-2022
  • Rent/SF$51.78
  • Lease Type NN+
  • Lot/AC0.54
  • Pop 5MI266,698

2,623,000

  • Cap Rate 5.00%
  • NOI $131,158
  • R. Term/Yrs 7.2
  • Guarantor Franchisee
  • # Units 1
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Strong tenant synergy

  • Top 100 MSA

  • Strong demographics

  • Favorable NN+ lease

  • Personal guarantee

  • ...
  • Tenant Roll-Em-Up Taquitos
  • Guarantor Franchisee
  • #Units 1
  • Stock Private
870 North Main Street, Corona, CA , 92878
  • Size SF2,650
  • Built/Renov2022
  • Price/SF$1,580
  • Lease Start11-13-2021
  • Rent/SF$68.74
  • Lease Type Abs NNN
  • Lot/AC0.57
  • Pop 5MI266,698

4,187,000

  • Cap Rate 4.35%
  • NOI $182,148
  • R. Term/Yrs 16.11
  • Guarantor Corp R + T
  • # Units 378
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant The Habit Burger Grill
  • Guarantor Corp T and Rated
  • #Units 378
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM
160 East Antelope Avenue, Woodlake, CA , 93286
  • Size SF14,673
  • Built/Renov2015
  • Price/SF$236
  • Lease Start04-22-2016
  • Rent/SF$18.91
  • Lease Type Abs NNN
  • Lot/AC0.95
  • Pop 5MI10,670

3,468,000

  • Cap Rate 8.00%
  • NOI $277,515
  • R. Term/Yrs 11.2
  • Guarantor Corp Traded
  • # Units 1,690
  • Signalized intersection

  • Hard corner intersection

  • Highway close

  • Top 100 MSA

  • Population increase trend

  • Absolute NNN

  • Long 10+ yr lease

  • Limited competition

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Rite Aid
  • Guarantor Corp Traded
  • #Units 1,690
  • Stock OTC: RADCQ
407 West Main Street, Jamestown, NC , 27282
  • Size SF9,762
  • Built/Renov2004
  • Price/SF$393
  • Lease Start09-01-2005
  • Rent/SF$25.53
  • Lease Type Abs NNN
  • Lot/AC1.12
  • Pop 5MI122,469

3,834,000

  • Cap Rate 6.50%
  • NOI $249,237
  • R. Term/Yrs 8.2
  • Guarantor Corp R + T
  • # Units 13,532
  • Hard corner intersection

  • In location for years

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 13,532
  • Moody's/S&P Baa2/ BBB-
  • Stock NASDAQ: WBA

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