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7-Eleven To Sell 25 C-Stores In 10 States

Last updated on August 3rd, 2015 at 02:00 pm

7-Eleven plans to sell 25 gasoline stations and/or convenience stores in 10 states. The sale includes six locations in Virginia, three each in Colorado, Illinois, Texas and West Virginia, two each in Florida and Missouri, and one each in Nevada, New York and South Carolina.

Robbie Radant, 7-Eleven’s VP of mergers and acquisitions, said, “This package contains many high-quality assets that simply do not fit 7-Eleven’s current business model. All of these stores should provide good opportunities for the right buyers.”

Lot sizes range from 8,000 s.f. to 1.7 acres, while store sizes range from approximately 1,375 to 4,390 s.f. Twenty of the sites being offered are fee-owned properties and the remaining five are leaseholds. All sites are being sold without 7-Eleven branding. All sites that sell fuel are offered for sale with fuel supply, which would be provided by SEI Fuels Inc., a 7-Eleven subsidiary.

NRC Realty & Capital Advisors has been retained by 7-Eleven to coordinate the sale. The properties will be sold using NRC’s “buy one, some or all” sealed-bid sale process. A complete list of the properties and information regarding submitting offers is available at nrc.com/1510.

Property-specific packages are expected to be available in early August, with a bid deadline of Sept. 10.

Interested parties can register online for sale updates or by calling the NRC Customer Service Center at 800-747-3342, ext. 1510.

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