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Oakley, Calif. — Newport Beach, California-based RealSource Group has negotiated the sale of a single-tenant retail property located in Oakley. A 7-Eleven convenience store occupies the 3,795-square-foot building on a triple-net ground lease basis, which has more than nine years remaining on its initial 15-year term. Built in 2019, the property sits on nearly 1.3 acres and is situated adjacent to a McDonald’s and Quick Quack Car Wash.
Jonathan Schiffer and Austin Blodgett of RealSource Group represented the seller, California Capital & Investment Group. The buyer, 7-Eleven, Inc., purchased the store by exercising its right of first refusal.