**7‑Eleven Exercises Right of First Refusal, Acquires Oakley Store**
RealSource Group has successfully closed the sale of a single-tenant 7‑Eleven convenience store and fuel station located in Oakley, California. While the sale price and capitalization rate were not publicly disclosed, the transaction is notable for achieving the lowest cap rate recorded for a 7‑Eleven ground lease in the state with fewer than 10 years remaining on the lease term in the past three years, according to data from CoStar.
Senior Associate Jonathan Schiffer and Senior Vice President Austin Blodgett of RealSource Group represented the seller, California Capital & Investment Group, a Bay Area-based private investment firm. After RealSource generated multiple competitive offers, 7‑Eleven, Inc. exercised its contractual right of first refusal and purchased the property.
Originally built in 2019, the 7‑Eleven store comprises 3,795 square feet and is situated on a 1.26-acre parcel at 1050 Laurel Road, at the busy signalized intersection of Laurel Road and O’Hara Avenue. This high-traffic corner experiences more than 32,000 vehicles daily. The property operates under a triple-net ground lease with more than nine years remaining on the original 15-year term.
