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Wednesday, February 5, 2014

7-Eleven Selling 72 Convenience Stores in Nine States

Source: CSP Daily News

DALLAS -- NRC Realty & Capital Advisors LLC announced today that it has been retained by 7-Eleven Inc. to coordinate the sale of 72 gasoline stations and/or convenience stores. This includes 22 locations in Texas, 17 in South Carolina, 12 in Pennsylvania, nine in Ohio, four in Michigan, three in Indiana, three in West Virginia, one in Florida and one in Utah.

Of the 22 Texas sites, 11 are in the San Antonio area, five are in or near Dallas-Fort Worth, two are in the Houston area, one is in Austin, and the remaining three are in surrounding areas. 7-Eleven officials said the stores no longer fit the company’s business model.

Lot sizes range from approximately 8,000 square feet to 5.6 acres, while store sizes range from kiosks to 4,640 square feet. Fifty of the sites being offered are fee-owned properties, and the remaining 22 are leaseholds. All sites are being sold without 7-Eleven branding. Most sites are offered for sale with fuel supply, which would be provided by SEI Fuels, Inc., a 7-Eleven subsidiary.

The properties will be sold using NRC’s well-known “buy one, some or all” sealed-bid sale process. A complete list of the properties and information regarding submitting offers is available online at www.nrc.com/1402.

7-Eleven Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises, or licenses more than 10,300 7-Eleven® stores in North America.

NRC Realty & Capital Advisors LLC, Chicago, provides a full array of real estate and financial advisory services to the convenience store and petroleum industries and specializes in the accelerated sale of commercial and residential real estate.