"The store sold for $12.18 million just weeks after opening in late April, setting a California record for a single-tenant 7-Eleven, according to the California Post."
"The buyer, a private investor from the Bay Area, purchased the 4,644-square-foot franchise store on a 4.04-acre lot through a 1031 exchange. The property comes with a 15-year triple-net lease, a commercial diesel fueling station, and EV charging stations."
""This prototype is the first of its kind to sell in California as a single-tenant asset," Sean Cox of Hanley Investment Group told The Post. The project took four years to complete, involving infrastructure work, fuel design and environmental reviews. Stock Five Development Company of Clovis sold the property."
A 7-Eleven in Madera, California opened in late April and sold for $12.18 million within weeks. The sale set a California record for a single-tenant 7-Eleven. The buyer was a private investor from the Bay Area who purchased the 4,644-square-foot franchise store on a 4.04-acre lot using a 1031 exchange. The property includes a 15-year triple-net lease, a commercial diesel fueling station, and EV charging stations. The prototype was completed after four years of infrastructure work, fuel design, and environmental reviews. Stock Five Development Company of Clovis sold the property.
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