Salinas, CA – February 15, 2019 – Barr & Bennett Net Leased Investments Group, a Lee & Associates North San Diego County team, has completed the $2.16M sale of a 7-Eleven in Salinas, CA. Barr & Bennett, utilizing their proven national marketing platform, generated multiple offers on the property, which was purchased by a Bay Area based, private 1031 investor.
Built in 1987, the property is situated on the hard corner intersection of N. Main Street & Lamar Street, and is located just a half mile from Highway 101, offering quick access to nearby Monterey, Carmel and the Pacific Ocean. The 7-Eleven had operated at this location for over 21 years, and had recently renewed early for another 10 year extension.
Ryan Barr and Ryan Bennett represented the Seller, BEWS Main Street LLC, in the all-cash transaction. The Buyer, Bei-Scott Company, LLC, was represented by Shoemaker Commercial Real Estate.