May 15, 2019
Hanley Investment Group Real Estate Advisors arranged the sale of a brand-new, single-tenant 7-Eleven convenience store and gas station in Fontana, CA. The sale price was $2,353,000, representing a 4.25% cap rate, a record-low for a 7-Eleven in San Bernardino County.
The 1.20-acre property will be occupied by a 3,000-square-foot 7-Eleven convenience store and gas station at the intersection of Jurupa and Citrus Avenues, at 16060 Jurupa Ave. 7-Eleven is expected to open later this year.
Hanley Investment Group’s Bill Asher and Jeff Lefko, along with Lee & Associates’ Jon Friesen and Jeff Stanley, represented the seller, Costa Mesa, CA-based The KCS Company. The buyer, an undisclosed Santa Ana, CA-based private partnership, was represented by Darvishian Investment Group, Inc.’s Pasha Darvishian.
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