Wednesday, September 21, 2022
7-Eleven to sell over 70 c-stores and stations
Roughly 73 properties throughout the United States are being sold by the retailer through NRC’s “buy one, some or all” sealed-bid sale process
Source: Petrol Plaza
7-Eleven Inc. has put up a total of 73 properties for sale, a mix of convenience stores and service stations throughout the United States. By partnering with NRC Realty & Capital Advisors LLC, the advisor will coordinate the sale of the sites.
33 facilities are located in New Jersey, Massachusetts and New York while seven of them in Texas and the rest distributed in the Mid-Atlantic, Midwest and West Coast regions. The average size of the locations is roughly three-quarters of an acre, according to the publications in NRC’s website, while others are less than one-half acre, ranging from under canopy kiosks to 6,900 square feet installations.
All properties will be sold through NRC’s “buy one, some or all” sealed-bid sale process and without convenience store branding. While 35 of them are being offered as fee-owned properties the remaining are leaseholds.
"Smaller and regional operators have been looking for ways to increase their store holdings over the past several years. The NRC sale process, as always, will create opportunities for retailers of all sizes, including individual operators, and we expect a robust response," said Ian Walker, Senior Vice President of NRC according to a press release published by Convenience Store News.
To see a list of convenience stores and gas stations for sale, click here.