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.”
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