RealSource Group Facilitates Sale of 7-Eleven Ground Lease in Oakley, Calif., Setting the Bar in California

OAKLEY, Calif. - RealSource Group, a national commercial real estate brokerage company specializing in investment sales, sale-leasebacks and tenant representation, announced the sale of a single-tenant 7-Eleven convenience store and fuel station in Oakley, Calif. The transaction represents the lowest cap rate recorded for a 7-Eleven ground lease in California with less than 10 years remaining on the lease in the past three years, according to CoStar.

RealSource Group's Jonathan Schiffer, Senior Associate, and Austin Blodgett, Senior Vice President of Investment Sales, represented the seller, California Capital & Investment Group, a private investment firm based in the San Francisco Bay Area. The buyer, 7-Eleven, Inc., exercised its Right of First Refusal after the RealSource team sourced competitive offers.

"We generated multiple all-cash offers by leveraging our proprietary database of triple-net investors and 1031 exchange clients," Schiffer said. "Our extensive experience marketing 7-Eleven assets and a deep understanding of the area's growth trajectory helped us secure premium pricing for one of the few 7-Eleven ground lease listings in California over the last few years."

Blodgett noted, "In a rare occurrence for net-lease investment sales, 7-Eleven exercised its Right of First Refusal to purchase the property. This speaks to the strength of the location and the tenant's long-term commitment."

Built in 2019, the 3,795-square-foot building sits on a 1.26-acre parcel at 1050 Laurel Road, at the signalized intersection of Laurel Road and O'Hara Avenue, which sees more than 32,000 vehicles per day. The site features multiple points of ingress and egress and is adjacent to a Quick Quack Car Wash and McDonald's. Across the street, a Safeway-anchored shopping center is under construction.

The property is subject to a triple-net ground lease with over nine years remaining on the initial 15-year term, 10% rent increases every five years, and three five-year renewal options.

Surrounding demographics are highly attractive, with an average household income exceeding $156,000 and a population of more than 179,000 within a five-mile radius.

The property's strong performance metrics further justified the premium pricing. "Analytics from Placer.ai and Alpha Maps ranked this location among the state's top performers," Schiffer said. "The low cap rate underscores 7-Eleven's investment-grade strength and the sustained demand for essential retail."

Headquartered in Irving, Texas, 7-Eleven, Inc. is the world's largest convenience store chain with approximately 85,000 stores across 19 countries and regions worldwide. The company holds investment-grade ratings of A from S&P and Baa2 from Moody's and is consistently ranked the No. 1 c-store chain by Convenience Store News. In the U.S., 7-Eleven operates under multiple banners, including Speedway, Stripes, and A-Plus.

The Oakley location reflects 7-Eleven's modern prototype design and is part of the company's broader expansion strategy. In a recent investor presentation, 7-Eleven announced plans to open 500 "New Standard" stores nationwide by 2027, featuring elevated merchandise, in-store dining, and premium offerings.

"Net-leased retail assets like this continue to attract strong investor interest," Blodgett said. "In today's market, essential-use tenants, long-term leases, high-traffic locations, and investment-grade credit continue to shape investor demand for stable, income-producing assets."

About California Capital & Investment Group

California Capital & Investment Group is an established market leader in commercial real estate sales and leasing. For over 30 years, our focus has been Northern California, with a specialized focus in the East Bay/Oakland market, and we have brokered sales and lease transactions valued at more than $1 billion and represented lease transactions in excess of 2.5 million square feet.

For more information, visit: www.californiagroup.com [https://www.californiagroup.com/].

About RealSource Group

RealSource Group, founded in 1991, is a national commercial real estate brokerage company specializing in tenant representation, investment sales and sale-leaseback transactions. With the combination of RealSource's leasing and sales experience, vast broker network, technology, unique processes, and national reach, RealSource delivers consistency, high-quality production, quality service and measurable deal-making results for its clients on a nationwide platform. Transacting over 1,000 commercial real estate deals nationwide, RealSource has perfected its platform through proven execution over the last 33 years.

For more information, visit: realsource.com [https://realsource.com/].

Media Contact
Company Name: RealSource Group
Contact Person: Jonathan Schiffer, CCIM, Senior Associate
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=realsource-group-facilitates-sale-of-7eleven-ground-lease-in-oakley-calif-setting-the-bar-in-california]
Phone: 949.688.1280
Address:12 Corporate Plaza Suite 150
City: Newport Beach
State: California
Country: United States
Website: https://realsource.com/

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