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Thursday, July 30, 2015

Twenty-five 7-Elevens up for sale

Source: St. Louis Post-Dispatch

The 7-Eleven at 8290 St. Charles Rock Road in Charlack is among 25 of the convenience-store chain’s outlets for sale in Missouri and eight other states.

NRC Realty & Capital Advisors, of Chicago, said Thursday the Dallas-based C-store chain has hired it to coordinate the sales. In addition to Missouri, the 7-Elevens for sale are in Virginia, Colorado, Illinois, Texas, West Virginia, Florida, Nevada, New York and South Carolina. One of the stores is in Kansas City.

The company said the stores provide good opportunities for buyers but no longer fit “7-Eleven’s current business model,” Robbie Radant, the vice president of mergers and acquisitions, said in a statement.

All the sites will be sold without 7-Eleven branding. The bid deadline is Sept. 10.