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5/12/26
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A private investor from the San Francisco Bay Area paid $12.18 mil for a newly constructed, 4.6k sf ($2,647/sf) single tenant 7 Eleven convenience store, gas station and commercial fueling facility in Madera, CA. We’re told that the transaction represents the highest priced single tenant 7 Eleven ever sold in California, the first single tenant 7 Eleven C store with Commercial Fueling Lanes to sell in the state, and the first and only 7 Eleven location in the city.
The property, located at 3720 Avenue 17 in Madera, 23 miles northwest of Fresno, covers 4.04 acres at the hard corner intersection of Avenue 17 and Golden State Blvd, one of the city’s primary east west corridors. The new 7 Eleven prototype includes EV charging stations and commercial diesel fueling lanes, reflecting the brand’s expansion into next generation fueling formats.
The project represents the culmination of a nearly four-year development process led by Stock Five Development, which transformed a raw site into a fully entitled, infrastructure-complete regional commercial fueling destination. The effort included extensive coordination involving land planning, environmental review, off-site improvements, utility coordination, agency approvals, fuel system design and tenant-specific prototype execution.
Hanley Investment Group’s Senior Vice President Sean Cox and Executive Vice President Bill Asher represented the seller and developer, Stock Five Development Inc, based in Clovis, CA. The 1031 exchange buyer was repped by Dev Patel, a senior vice president with Kidder Mathews in San Diego.
“This sale set a new benchmark for the 7 Eleven brand in California,” Asher said. “The combination of a new 15 year triple-net lease, expanded fueling program, and a prime location adjacent to State Route 99 and future home of North Fork Mono Casino, were highly attractive selling points for the buyer.”
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