Record-Breaking Sale: 7-Eleven in Madera, California Sold for $12 Million
A 7-Eleven in the California Boonies Just Sold for $12 Million — The Most Expensive in California History
Entrepreneur
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A 7-Eleven store in Madera, California, has set a record by selling for $12.18 million, making it the most expensive single-tenant 7-Eleven in the state. The store, which opened in late April, features a 15-year lease and includes EV charging stations.
- 01The sale price of $12.18 million sets a new record for single-tenant 7-Eleven stores in California.
- 02The store spans 4,644 square feet and is located on a 4.04-acre lot.
- 03The property includes a commercial diesel fueling station and EV charging stations.
- 04The project took four years to complete, involving extensive infrastructure work.
- 05The buyer is a private investor from the Bay Area who used a 1031 exchange for the purchase.
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In a surprising real estate development, a 7-Eleven store in Madera, California, has sold for $12.18 million, marking it as the most expensive single-tenant 7-Eleven in California history. Located in a small Central Valley city known more for agriculture than tourism, the store opened in late April and quickly attracted a buyer from the Bay Area. The 4,644-square-foot store is situated on a 4.04-acre lot and comes with a 15-year triple-net lease. Notably, it features a commercial diesel fueling station and EV charging stations, making it a modern prototype for the franchise. Sean Cox of Hanley Investment Group highlighted that this is the first of its kind to sell as a single-tenant asset in California. The development process took four years and included significant infrastructure work, fuel design, and environmental reviews, with Stock Five Development Company based in Clovis handling the sale.
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This record-breaking sale could attract more investment in Madera, boosting local economic development.
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