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| Jeremy McChesney |
CORONA DEL MAR, CA -
Hanley Investment Group Real Estate Advisors, a nationally-recognized real
estate brokerage and advisory firm specializing in retail property sales,
announced Executive Vice President Jeremy
McChesney has completed the sale of three 7-Eleven properties in separate
transactions for a combined value of $9,130,000.
The properties are located
in Los Angeles, San Diego and Bakersfield, California. One of the transactions
had a record-low cap rate for 2017. McChesney has now completed the sale of 23
7-Eleven properties in the last 2.5 years, the most 7-Elevens sold by one
individual in the U.S. during this same period.
“These sales highlight the
continued demand by investors for high quality, investment grade net-lease and
two-tenant properties and investors’ willingness to look in major metros to
find them,” said McChesney. 7‑Eleven, Inc. is the world’s largest chain in
the convenience retailing industry. Based in Irving, Texas, 7‑Eleven® operates,
franchises and/or licenses more than
63,000 stores in 18 countries, including 10,900 in North America.
“All three 7-Eleven
properties had attractive fundamentals including absolute triple-net leases and
hard corner locations with good traffic counts, demographics, proximity and ease
of access to major thoroughfares,” said McChesney.
For more information on this press release, please
contact:
Jeremy McChesney
Executive Vice President
Hanley Investment Group
949.585.7671
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