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Monday, June 9, 2014

7-Eleven to sell 9 stores in South Florida

Source: South Florida Business Journal
By Emon Reiser, Reporter

Convenience retailer 7-Eleven is selling 31 stores in Florida, with 9 up for grabs in Miami, Fort Lauderdale, Hialeah, Miramar, Coral Springs and North Palm Beach.

After 7-Eleven reported record store growth in 2012 — nearly reaching 50,000 stores in 16 countries that year — the franchise announced the sale of 78 properties in the U.S. in late May.

Chicago-based NRC Realty & Capital Advisors is coordinating the sales of all the U.S. stores in a sealed-bid process.

Robbie Radan, 7-Eleven’s vice president of mergers and acquisitions, said the stores up for sale don’t fit the Dallas-based company’s current business model.

Half of the sites are fee-owned properties, while the rest are leaseholds.

Store sizes range from 1,870 square feet to 4,740 square feet and are being sold without 7-Eleven branding.

The bid deadline for all properties is July 29.

Here are the 7-Eleven properties available in South Florida:

4777 W Flagler St., Miami, FL 33134Convenience retailer 7-Eleven is selling 31 stores in Florida, with 9 up for grabs in Miami, Fort Lauderdale, Hialeah, Miramar, Coral Springs and North Palm Beach.

After 7-Eleven reported record store growth in 2012 — nearly reaching 50,000 stores in 16 countries that year — the franchise announced the sale of 78 properties in the U.S. in late May.

Chicago-based NRC Realty & Capital Advisors is coordinating the sales of all the U.S. stores in a sealed-bid process.

Robbie Radan, 7-Eleven’s vice president of mergers and acquisitions, said the stores up for sale don’t fit the Dallas-based company’s current business model.

Half of the sites are fee-owned properties, while the rest are leaseholds.

Store sizes range from 1,870 square feet to 4,740 square feet and are being sold without 7-Eleven branding.

The bid deadline for all properties is July 29.

Here are the 7-Eleven properties available in South Florida:

  • 4777 W Flagler St., Miami, FL 33134
  • 10520 SW 8th St., Miami, FL 33174
  • 11980 SW 8th St., Miami, FL 33184
  • 1637 E Sunrise Blvd., Fort Lauderdale, 33304
  • 2656 E Oakland Park, Blvd., Fort Lauderdale, 33306
  • 924 N US-1, North Palm Beach, FL 33408
  • 6350 Pembroke Rd., Miramar, FL 33023
  • 18421 67th Ave., Hialeah, FL 33015
  • 7811 W Sample Rd., Coral Springs, FL 33065
  • 10520 SW 8th St., Miami, FL 33174
  • 11980 SW 8th St., Miami, FL 33184
  • 1637 E Sunrise Blvd., Fort Lauderdale, 3