Updated Jun 16, 2026
Hanley Investment Group Represents $5 Million Sale Of 7-Eleven Occupied Gas Station In Clovis
394 West Ashlan Avenue
$5,000,000
Building Size
—
Asset Type
Retail
Closing
Jun 12, 2026
About this deal
AI
A 7-Eleven-occupied gas station and convenience store located at 394 West Ashlan Avenue in Clovis, California was sold for $5,000,000. This retail asset is part of a growing market for single-tenant, triple-net leased properties, reflecting current trends in investor demand.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 394 West Ashlan Avenue
- Market: Clovis, CA
- Buyer's Representative: Jeffrey Leggio - ASU Commercial
- Seller's Representatives: Jeremy McChesney & Jacob Fahner - Hanley Investment Group
Hanley Investment Group Real Estate Advisors represented a private seller from Los Angeles in this transaction, while facilitating the sale to a buyer from Bakersfield participating in a 1031 exchange. Over the past year, Hanley has closed over $60 million in convenience store and gas station transactions throughout California, emphasizing their expertise in this market segment.
On the Map
$5,000,000
Retail
View full map
Players
Wiest Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Wiest retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93