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California 7-Eleven in the middle of nowhere sells for record $12M

California Post·Brian Gallagher·20 days ago
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Just weeks after the first 7-Eleven in Madera, California opened its doors, it has sold to a new buyer for a record sum. The 7-Eleven at 3720 Avenue 17 in Madera opened in late April, just across from an Arco gas station on Golden State Boulevard. Now the property has sold for $12.18 million, the highest price ever for a single-tenant 7-Eleven sold in California history, according to Hanley Investment Group Real Estate Advisors. Just weeks after the first 7-11 in Madera, California opened its doors, it has sold to a new buyer for a record sum. The 7-11 at 3720 Avenue 17 in Madera opened its doors in late April, just across from an Arco gas station on Golden State Boulevard. Google Maps Hanley represented the sellers, Stock Five Development Company out of Clovis, with San Diego’s Kidder Matthews representing the buyer, a private investor in the Bay Area. The 7-Eleven was the first ever in Madera, with a 7-Eleven Facebook post on April 23 announcing that it was now open for business.…

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