A brand‑new 7‑Eleven on the outskirts of Madera just fetched a price that would make most corner stores blush. The convenience store and fuel complex at 3720 Avenue 17 sold this week for $12.18 million in an off‑market deal to a private Bay Area investor, a figure brokers say is the highest price ever paid for a single‑tenant 7‑Eleven in California.
Hanley Investment Group arranged the sale and reported that the buyer, a private San Francisco‑area investor, was represented by Kidder Mathews. Hanley named SVP Sean Cox and EVP Bill Asher as the lead representatives for the seller, Clovis‑based Stock Five Development, according to ConnectCRE. The brokerage described the property as a first‑of‑its‑kind 7‑Eleven prototype in California because of its commercial fueling lanes and truck‑serving program, which push it well beyond the usual Slurpee‑and‑snacks setup.
Citing the listing details, the New York Post notes the site spans roughly 4.04 acres and includes a 4,644‑square‑foot store. The property’s layout features diesel fueling lanes and electric vehicle chargers. The Post also reports the asset is backed by a new 15‑year absolute triple‑net ground lease, a long corporate commitment that Hanley said helped supercharge buyer interest.
Why investors paid up
Single‑tenant, net‑leased convenience stores have become the comfort food of the investment world: predictable income, minimal management hassle and plenty of buyers lined up for the right deal. That appetite has driven up pricing on well‑located outparcels, according to industry brokers.
Hanley has been especially active trading 7‑Eleven and fuel‑adjacent properties around California, and its market commentary points to a tight supply of quality outparcel land as a key reason for the premium prices, according to Hanley Investment Group. Put simply, there are only so many prime highway corners to go around.
Casino next door adds upside
The property sits just off Highway 99 and near the planned North Fork Mono Casino, a future neighbor that could significantly boost traffic once it opens. The casino’s official site lists the project as "Opening Fall 2026" and places the resort just off the Avenue 17 exit. North Fork Mono Casino identifies 17770 Golden State Blvd. as the resort’s address and cites a fall 2026 opening window on its FAQ page.
For Madera, the blockbuster 7‑Eleven sale highlights growing commercial interest along this stretch of Highway 99 and shows how a modern fueling program paired with a long corporate lease can turn an otherwise out‑of‑the‑way outparcel into a trophy net‑lease asset. Local officials and the store operator did not immediately respond to requests for comment.
