A buyer out of California completed his 1031 exchange by purchasing a portfolio of two 7-Eleven properties located in Buffalo, NY. These were shorter term corporately guaranteed leases. Because of the shorter lease term the buyer was able to obtain a favorable higher cap rate. For more information contact Jason Simon at [email protected] or 314-563-2206.
7-Eleven History:
What started out as an ice house in Dallas, Texas, back in 1927 has grown and evolved into the world’s largest operator, franchisor and licensor of convenience stores.
The company operates, franchises and licenses approximately 10,700 convenience stores in North America. Of the close to 8,500 stores the company operates and franchises in the United States, more than 6,700 are franchised.
Outside of the U.S. and Canada, there are more than 60,000 7-Eleven and other convenience stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, the Philippines, Indonesia, Norway, Sweden, Denmark and United Arab Emirates. 7-Eleven has announced plans to open stores in Vietnam.
7-Eleven is the world’s largest convenience store chain operating, franchising and licensing stores in 18 countries. Approximately 10,700 of the 60,000 7-Eleven stores worldwide are in North America.
