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Jeremy McChesney McChesney: “7-Eleven locations have a strong real estate residual value, which is very compelling to investors.”

CORONA DEL MAR, CA—GlobeSt.com has learned exclusively that Hanley Investment Group SVP Jeremy McChesney completed the sale of 12 single-tenant 7-Eleven stores located throughout the US, from Southern California to New York and Florida in 2015, the most sold by one individual during the 12-month period, according to CoStar. Total consideration for the 12 7-Eleven stores was $16.5 million.

According to McChesney, the 12 7-Eleven stores were individual transactions and the majority of them were absolute NNN corporate-leased 7-Eleven stores. The stores were located in Buena Park, CA; Phoenix; Monument, CA; four stores in New York (two in Buffalo, one in Kenmore and the other in South Wales); Nottingham, MD; three stores in Virginia (Hampton, Norfolk and Strausberg); and Winter Park, FL. Building sizes ranged from 2,080 square feet (in South Wales, NY) to 3,000 square feet (in Buffalo, NY).

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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