Madera’s 7-Eleven sells for record price

Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced that the firm has arranged the $12.18 million sale of a newly constructed, single‑tenant 7‑Eleven convenience store, gas station and commercial fueling facility in Madera. 

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 only 7‑Eleven location in the city.

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. 

The buyer, a private investor from the San Francisco Bay Area, was represented by Dev Patel, a senior vice president with Kidder Mathews in San Diego.

The property, located at 3720 Avenue 17 in Madera, features a 4,644‑square‑foot building on 4.04 acres at the hard‑corner intersection of Avenue 17 and Golden State Boulevard, 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.

The Madera sale extends Hanley Investment Group’s momentum in the 7‑Eleven category, following the firm’s recent sale of a new‑construction 7‑Eleven Commercial Fueling Lanes prototype in San Bernardino, where Hanley sold the convenience store and the commercial fueling lanes in two separate transactions. The firm has emerged as a leader in the disposition of new‑prototype 7‑Eleven assets.

“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.”

Hanley Investment Group’s activity in the category also includes recent closings of two 7‑Eleven‑occupied properties in Sacramento and Clovis, California, reflecting sustained investor demand for essential retail and next‑generation fueling formats throughout the Central Valley and greater Sacramento region.