Building occupied by 7-Eleven sells for $7.7 million

A building occupied by 7-Eleven in San Bernardino has been sold.

The 4,088-square-foot building at 171 East Redlands Boulevard sold for $7.7 million, according to a statement.

Built in 2023, the single-tenant 7-Eleven sits on 1.25 acres and offers a Laredo Taco Company quick-serve restaurant and a gas station.

Hanley Investment Group Real Estate Advisors represented the developer and seller, Chase Partners Ltd., based in Glendale, Calif.

The buyer is a private investor from Bakersfield, Calif.

“7-Eleven is one of the most sought-after single-tenant investments across the country in today’s market,” said Bill Asher, Executive Vice President for Hanley Investment Group. “We secured an all-cash 1031 exchange buyer through a broker relationship and negotiated a two-week due diligence period with a 40-day escrow to help fulfill the buyer’s exchange requirement.”

The property is in close proximity to Interstate 10 and Interstate 215. Nearby tenants include Aldi, Home Depot, PetSmart, Burger King, Carl’s Jr., McDonald’s, Popeyes, Starbucks, and Taco Bell.