High-rise commercial buildings

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  + Retail  | 

New 7-Eleven Prototype Sets California Pricing Record

Hanley Investment Group Real Estate Advisors arranged the $12.18-million sale of a newly constructed, single‑tenant 7‑Eleven convenience store, gas station and commercial fueling facility located at 3720 Ave. 17 in Madera. According to Hanley, the transaction represents the highest‑priced single‑tenant 7‑Eleven ever sold in California, the first single‑tenant 7‑Eleven C‑store with Commercial Fueling Lanes to sell in the state and the first and only 7‑Eleven location in the city.

SVP Sean Cox and EVP Bill Asher of Hanley represented the seller and developer, Clovis-based Stock Five Development, Inc. The buyer, a private investor from the San Francisco Bay Area, was represented by SVP Dev Patel with Kidder Mathews in San Diego.

“We identified a 1031 exchange buyer that was specifically seeking a single‑tenant 7‑Eleven and sourced this off‑market opportunity through a longstanding developer relationship,” Cox said. “This prototype is the first of its kind to sell in California as a single-tenant asset, which made the execution even more meaningful for all parties involved.”

Connect

Inside The Story

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
New call-to-action
New call-to-action
New call-to-action
New call-to-action