Hanley Investment Group Facilitates $7.05M Sale of Chino 7-Eleven 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 The Preserve, a master-planned community in Chino, California. The property includes a Laredo Taco Company quick-service restaurant and 12 fueling stations.
According to Hanley Investment Group, the transaction achieved a 5.25% cap rate — the lowest recorded for a single-tenant 7-Eleven priced above $5 million in California over the past year, based on data from CoStar.
The seller, Ledo Capital Group of Los Angeles, was represented by Jeremy McChesney, executive vice president at Hanley Investment Group, and senior associate Andrew Sprowl. Ledo Capital is also developing a 133,527-square-foot industrial business park within the same Chino community.
The buyer was a private investor from San Diego, represented by Adam Bloom of Lee & Associates San Diego.
“We secured an all-cash, non-exchange buyer through a broker relationship, achieving a record-low cap rate of 5.25% for this type of asset,” McChesney stated. “The Southern California–based buyer acquired a new, larger-format 7-Eleven in an area experiencing significant growth – highlighted by a recently completed $22-million bridge extending Limonite Avenue. In addition, the buyer can benefit from bonus depreciation tax advantages.”
