IE Business Daily Business news for the Inland Empire.
Two 7-Eleven stores under construction in Riverside County have been sold for a combined $10.1 million.
The first store, a 3,494-square-foot structure on one acre at Golf Center Parkway and Avenue 45 in Indio, sold for $5.1 million, according to Hanley Investment Group Real Estate Advisors in Newport Beach.
The buyer was a private investor from San Bernardino County.
The second store, a 2,950-square-foot building on one acre at Perris and Harley Knox boulevards in Perris, sold for $5 million. The buyer was a private investor in Los Angeles.
Both 24-hour convenience stores are expected to open during the second quarter. Both will have service stations.
Hanley Investment represented the sellers, both private Investment groups – TSC Indio Golf Center, LLC and TSC Perris, LLC – Newport Beach.
Dallas-based 7-Eleven has more than 71,000 locations worldwide, including 11,800 in the United States. It averages $120 billion in sales and is one of the most popular franchisees in the United States, according to Hanley Investments.
