Monday, October 31, 2022
Several PA 7-Elevens Among 73 Nationwide To Go Up For Sale
7-Eleven is reducing its total number of stores across the nation and in Pennsylvania
Source: PatchBy Justin Heinze
PENNSYLVANIA — 7-Eleven is reducing its total number of stores across the nation and in Pennsylvania. The chain is eliminating 73 stores nationwide, impacting four locations in the state.
Some of the stores are up for lease, while other listings include the property. NRC Realty & Capital Advisers is coordinating the transactions. Properties are getting sold without the convenience store's branding.
"Smaller and regional operators have been looking for ways to increase their store holdings over the past several years," Ian Walker, NRC's senior vice president, told Convenience Store News. "The NRC sale process, as always, will create opportunities for retailers of all sizes, including individual operators, and we expect a robust response."
7-Eleven operates, franchises and licenses more than 13,000 stores in North America, including 308 in Pennsylvania. The company acquired Speedway in May 2021 and now operates the nationwide gas and convenience chain.
To see a list of convenience stores and gas stations for sale, click here.