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12/03/25
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A private investor from San Luis Obispo County paid $3.6 mil for the absolute, NNN ground lease for a 4.1k sf, newly constructed, single tenant, net leased 7-Eleven convenience store and fuel station in Yucaipa. The property is located on an outparcel to a Stater Bros. Markets anchored shopping center.
The new 7 Eleven is located at 11361 Bryant St, at the hard corner, signalized intersection of Bryant St and Oak Glen Rd, which serves more than 27,000 cars per day. The convenience store building sits on 1.47 acres and is leased to 7 Eleven, an investment-grade tenant, under a new 15 year corporate lease.
The property benefits from its location adjacent to Stater Bros. Markets, which draws 1.1 million annual visitors and ranks in the top 30% of the chain, according to Placer.ai. The site also enjoys a strong residential customer base, including the Serrano Lake community, a 38 acre development featuring 144 single family homes, which has been completed and sold out directly adjacent to the property. In addition, Chapman Heights, a master planned community launched in 2000 and is now home to nearly 1,977 residences along with parks, open space, trails, and the public Yucaipa Valley Golf Course, is located less than two miles northeast.
Bill Asher and Jeff Lefko of Hanley Investment Group Real Estate Advisors, in conjunction with Jeff Stanley at Lee & Associates, represented the seller, Evergreen Devco, a leader in retail, multifamily and industrial real estate development. The buyer was repped by John Hans of Colliers in San Luis Obispo.
“We generated multiple qualified offers on a pre-sale basis and procured an all-cash 1031 exchange buyer seeking a safe and secure absolute triple-net investment,” said Asher. “We closed escrow while 7-Eleven was still under construction and before it opened for business. The store is scheduled to open in early to mid-December.”
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