7-Eleven Inc. has put 73 gas stations and convenience stores up for sale.
The locations include 33 in New Jersey, Massachusetts and New York; seven in Texas; several in the mid-Atlantic and Midwest; and a few on the West Coast.
Average lot sizes are about three-quarters of an acre, with some of the larger sites suitable for redevelopment, and other sites are less than one-half acre.
Store sizes range from under canopy kiosks to 6,900 square feet. Thirty-five of the sites are fee-owned properties, and the remaining are leaseholds. The company is selling all of the sites without convenience-store branding.
The retailer has retained NRC Realty & Capital Advisors LLC, Chicago, to coordinate the sale. The properties will be sold using NRC’s “buy one, some or all” sealed-bid sale process. v. 1.
Chicago-based NRC provides real estate and financial advisory services to the convenience store and petroleum industries. Services include portfolio evaluation and analysis; refinancing, recapitalization and sale-leaseback financing options; and mergers-and-acquisition (M&A) advisory services.
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