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Follow on Google News | Hanley Investment Group Negotiates Sale of Four Single-Tenant 7-Eleven Stores in New YorkBy: Hanley Investment Group "Investor demand remains high for quality single-tenant retail properties," In Buffalo, NY, McChesney negotiated the sale of two 7-Eleven stores working with both the same buyer, a private investor from Tacoma, WA, and the same seller, a local investor from Buffalo, NY. Near the intersection of Kenmore Avenue and Pickford Avenue in Buffalo, McChesney completed the sale of a 2,835-square- "The buyer purchased two single-tenant NNN absolute 7-Eleven stores in Buffalo from the same seller to meet his 1031 Exchange requirements," McChesney negotiated the sale of a third 7-Eleven at 959 Niagara Street in Buffalo. Built in 1986, the 7-Eleven building is situated on a .36-acre parcel. The purchase price was $851,000. Michael Chow of Jones Pacific Land Company in San Francisco represented the buyer, a private investor from the San Francisco Bay Area. McChesney represented the seller, a local private investor from Buffalo, NY. In South Wales, NY, McChesney negotiated the sale of a 2,080-square- Last year, McChesney sold multiple 7-Eleven single-tenant investments including stores in Norfolk, Virginia; Capitol Heights, Maryland; and Santa Barbara, Calif. “With an AA- credit rating and zero land responsibilities, single-tenant 7-Eleven stores continue to be one of the most highly sought-after retail investments in today’s market. These sales highlight the strong appetite investors have for high quality, investment grade net-lease properties and investors willingness to look in major metros across the country,” said McChesney. About Hanley Investment Group Hanley Investment Group Real Estate Advisors is a retail investment advisory firm with a $5 billion transaction track record nationwide, who works closely with individual investors, lending institutions, developers, and institutional property owners in every facet of the transaction to ensure that the highest value is achieved. For more information, visit www.hanleyinvestmentgroup.com. End
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