Chino 7-Eleven Sale Hits Record Low on Cap Rate

Hanley Investment Group Real Estate Advisors arranged the $7.05-million sale of a newly constructed, single-tenant property occupied by a 7-Eleven convenience store featuring a Laredo Taco Company quick-service restaurant and 12 fuel pumps at 15666 Hellman Ave. in The Preserve master-planned community in Chino. The transaction’s 5.25% cap rate was the lowest achieved for a single‑tenant 7‑Eleven priced above $5 million in California in the past year, Hanley said, citing CoStar data.

EVP Jeremy McChesney and senior associate Andrew Sprowl represented the developer and seller, Ledo Capital Group of Los Angeles., which is also developing a 133,527-square-foot industrial business park at The Preserve. The buyer, a private investor from San Diego, was represented by Adam Bloom of Lee & Associates San Diego.

“We secured an all‑cash, non‑exchange buyer through a broker relationship, achieving a record low cap rate of 5.25% for this type of asset,” McChesney said. “The Southern California–based buyer acquired a new, larger format 7‑Eleven in an area experiencing significant growth – highlighted by a recently completed $22-million bridge extending Limonite Avenue. In addition, the buyer can benefit from bonus depreciation tax advantages.”