Hanley Investment Group Facilitates $7.05M Sale of 7-Eleven in Chino at Record-Low Cap Rate
Hanley Investment Group Real Estate Advisors has arranged the $7.05 million sale of a newly constructed, single-tenant 7-Eleven property located at 15666 Hellman Avenue in Chino, California. The property includes a Laredo Taco Company quick-service restaurant and 12 fuel pumps. It is situated within The Preserve, a master-planned community experiencing rapid growth.
The transaction achieved a 5.25% capitalization rate—reportedly the lowest cap rate in California over the past year for a single-tenant 7-Eleven asset priced above $5 million, according to data from CoStar.
Jeremy McChesney, Executive Vice President, and Andrew Sprowl, Senior Associate, represented the seller and developer, Los Angeles-based Ledo Capital Group. Ledo Capital is also developing a 133,527-square-foot industrial business park within The Preserve. The buyer, a private investor from San Diego, was represented by Adam Bloom of Lee & Associates San Diego.
“We secured an all-cash, non-1031 exchange buyer through a broker relationship, achieving a record-low cap rate of 5.25% for this type of asset,” said McChesney. “The Southern California-based buyer acquired a new, larger-format 7-Eleven in a fast-growing area, highlighted by a recently completed $22 million bridge project extending Limonite Avenue. Additionally, the investor stands to gain from bonus depreciation tax advantages.”
