Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Inland Empire  + Net Lease  | 

7-Eleven Commercial Fueling Lanes Prototype Trades in San Bernardino

Hanley Investment Group Real Estate Advisors arranged the pre‑sale of a new construction, single‑tenant 7‑Eleven commercial fueling lanes prototype in San Bernardino, reportedly the first transaction of its kind to be marketed and sold in California. The sale price was $3.03 million for a new 15‑year absolute triple‑net ground lease.

The commercial fueling lanes are adjacent to a new, large‑format 7‑Eleven convenience store with Laredo Taco Company and a gas station, which was sold separately by Hanley Investment Group in January 2024.

EVP Bill Asher and EVP and partner Jeff Lefko represented the developer and seller, Glendale‑based Chase Partners Ltd. The buyer, a private investor from Orange County, was represented by Jonathan Selznick of Lee & Associates in Carlsbad. Chase Partners also developed the adjacent 7‑Eleven convenience store and gas station.

“The transaction closed 5.5 months before 7‑Eleven’s formal rent‑commencement date,” Asher said. “Pre‑construction closings for this prototype are extremely uncommon, making the execution timeline especially notable.”

Connect

Inside The Story

Hanley Investment Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action