A private investor from the San Francisco Bay Area acquired a newly constructed single-tenant 7‑Eleven in Madera, Calif., for $12.18M from Stock Five Development, Inc., setting a record as the highest-priced single-tenant 7‑Eleven sale in the state and the first to feature commercial diesel lanes.
Property: 7-Eleven Next-Generation Prototype, Madera, Calif.
Price: $12.18M
Seller: Stock Five Development, Inc.
Buyer: Private investor, San Francisco Bay Area
“The buyer was drawn to the new 15‑year triple‑net lease, the strength of the 7‑Eleven brand and the expanded fueling program, which includes commercial diesel lanes and EV charging,” said Sean Cox, SVP of Hanley Investment Group, who represented the seller and developer. “The combination of a modern convenience store and full gas station created multiple revenue drivers and long‑term stability. The buyer was specifically seeking a single‑tenant 7‑Eleven for a 1031 exchange, which made the property a direct match for their investment criteria.”
Located at the corner of Avenue 17 and Golden State Boulevard with immediate access to State Route 99, the 4,644-s.f. building sits on 4.04 acres, offering strong visibility and traffic counts. The property’s proximity to the future North Fork Mono Casino enhances long-term demand, while its position as the only 7-Eleven in Madera provides a dominant foothold in a growing Central Valley market.
The project completed a four-year development process requiring extensive coordination across entitlements, infrastructure and execution of 7-Eleven’s next-generation prototype.
Hanley Investment Group sourced the off-market opportunity through its relationship with the developer and secured a 1031 exchange buyer prior to construction completion. The deal closed shortly after the tenant opened and began paying rent.
