Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Jeremy McChesney Jeremy McChesney is an SVP at Hanley Investment Group Real Estate Advisors.

LOS ANGELES—Convenience store triple-net product hasn’t lost its appeal with investors. According to Jeremy McChesney, SVP at Hanley Investment Group Real Estate Advisors, the retail product type is still incredibly popular, with assets trading at record cap rates and per-square-foot pricing. McChesney specializes in the product type, and has sold 15 7-Eleven properties in the last 16 months. He recently sold three properties, two in Los Angeles and another in Orlando, FL, and broke the record cap rate for the year at 3.56%. In this exclusive interview, McChesney takes us inside the deal to show how and why these are such sought-after properties, and reveals the investment philosophy behind the trend.

GlobeSt.com: What is interest like for NNN convenience store properties, like these, and why are they good investment opportunities?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.