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6/20/25
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A private investor paid $7.05 mil for a newly constructed, 5.6k sf single-tenant property in The Preserve master-planned community in Chino. The property is occupied by a 7-Eleven convenience store featuring a Laredo Taco Company quick-service restaurant and 12 fuel pumps.
The transaction resulted in a 5.25% cap rate a mark were told was the lowest cap rate for a single tenant 7 Eleven priced over $5 mil in California in the last year, according to CoStar data.
The 7 Eleven, built in 2023, is located at 15666 Hellman Ave (at the signalized intersection of Hellman and Limonite avenues). The 1.15 acre property is leased on a corporate backed, 15 year, triple net absolute lease with 14 years remaining, featuring 10% rental increases every five years and four additional five year renewal options with similar escalations.
The property is located in an area of rapid growth. A one mile radius around the site experienced a 113% population increase between 2000 and 2010, with an anticipated additional growth of 2.12% by 2029. Within a three mile radius, the population now exceeds 90,000, supported by an average household income of $175,000 and daytime employment for over 42,000 workers across more than 904 businesses.
The buyer was represented by Adam Bloom of Lee & Associates San Diego. Jeremy McChesney and Andrew Sprowl with Hanley Investment Group Real Estate Advisors repped the developer and seller, Ledo Capital Group of Los Angeles. Ledo Capital Group is also developing a 133.5k sf industrial business park at The Preserve. The buyer, a private investor from San Diego, was represented by Adam Bloom of Lee & Associates San Diego.
7 Eleven remains a highly sought after single tenant investment nationwide, thanks to its strong performance as a leading retailer and its proven resilience as an essential business. Its investment grade credit rating (S&P: A ) and designation as an essential business by the Department of Homeland Security provide investors with a significant level of security and reliable cash flow attributes that are especially appealing in the current economic climate, McChesney said.
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