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3/03/26
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An OC-based private investor has purchased a new construction, single tenant 7 Eleven commercial fueling lanes (CFL) prototype in San Bernardino — a rare offering and the first transaction of its kind to be marketed and sold in California. The sale price was $3.03 mil for a new 15 year absolute triple net ground lease.
The asset was sold by the developer, Glendale based Chase Partners Ltd, a leading retail and industrial developer in California since 1993 and a preferred developer for 7 Eleven and several other national tenants. The commercial fueling lanes are adjacent to a new, large format 7 Eleven convenience store with Laredo Taco Company and a gas station, also developed by Chase Partners, which was sold separately in January 2024.
The new construction 7 Eleven commercial fueling lanes prototype is situated on 2.14 acres and includes high speed truck diesel lanes for commercial vehicles, dedicated diesel canopies with high flow truck lanes, diesel exhaust fluid (DEF), and commercial truck diesel infrastructure compatible with the 7FLEET Diesel Network. The dedicated diesel canopy includes three truck lanes and six truck parking spaces, supporting demand from more than 6 msf of industrial users within a two mile radius.
The property is located at the signalized intersection of Redlands Blvd and Hunts Lane (34,500 cars per day), with direct access to Interstate 10 (236,000 cars per day) and close proximity to Interstate 215 (185,000 cars per day). The site serves commuter traffic, local residents, and a significant concentration of logistics and distribution facilities, including multiple Amazon fulfillment and distribution centers. The daytime population within the trade area is nearly 107,000 people, and the property is less than one mile from Tri City Corporate Centre, a 1.69 msf mixed use campus.
Hanley Investment Group’s Executive Vice President Bill Asher and Executive Vice President and Partner Jeff Lefko represented Chase Partners in the transaction. The buyer was repped by Jonathan Selznick of Lee & Associates in Carlsbad.
“We procured an all cash buyer through a broker relationship that had extensive experience and knowledge of 7-Eleven and closed escrow prior to 7 Eleven starting construction,” Asher said. “The transaction closed 5.5 months before 7 Eleven’s formal rent commencement date. Pre construction closings for this prototype are extremely uncommon, making the execution timeline especially notable.”
7 Eleven’s commercial fueling lanes prototype is still emerging within the net lease landscape, typically found in combination with a traditional convenience store and fuel station model. Very few have traded nationally, which makes this transaction particularly unique.
“The new 7 Eleven commercial fueling lanes — part of the 7FLEET network — represented a rare opportunity to acquire a purpose built diesel canopy and truck serving facility in Southern California,” Asher said. “The site builds on the success of the adjacent 7 Eleven convenience store and gas station and offers exceptional accessibility, exposure and visibility along Interstate 10, one of the most heavily traveled freeways in the region.”
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