“Convenience, speed and security are the three key elements that make payment systems in taxis, at fuel pumps and other VeriFone-enabled locations ideal venues for expanding access to lottery tickets,” says VeriFone vice chairman. VeriFone Systems Inc. today announced that it plans to deliver lottery sales through card payment acceptance systems in taxis and at…
7-Eleven Acquires 51 ExxonMobil Locations
“We met our goal of opening 650 stores in 2011, and with this acquisition 2012 is off to a great start,” says 7-Eleven spokesperson. 7-Eleven Inc. has completed the transaction with ExxonMobil to acquire retail interests in 51 North Texas sites. The transaction concluded Jan. 20; terms of the deal were not disclosed. The 51…
Kum & Go Announces Major Expansion Into Arkansas
Three new stores are set to be built this fall and 20-25 new Arkansas locations are anticipated over the next five years. Kum & Go has announced aggressive expansion plans into Arkansas, where the chain plans to invest $70-80 million in the next five years and aims to create approximately 150 new jobs by the…
Seizing Real Estate Opportunities
Prying Properties Loose Important for retailers to understand is that commercial real estate today is an industry in transition. Its landscape is littered with landlords, if not desperate, than at least strongly motivated to make deals work. “Things are tight,” said George Anderson, vice president of market analytics for NAI Global in Princeton,…
Cumberland Farms Selling 61 Stores
Cumberland Farms Inc. is selling 61 convenience store properties through a structured sale process to be managed by Matrix Capital Markets Group Inc. Cumberland owns the real estate at all of the sites and leases them to third party tenants under triple net lease agreements. These tenants operate independent convenience stores and other retail businesses…
Nine C-Store Sites For Sale
NRC Realty & Capital Advisors LLC has been retained in the sale of nine operating and former convenience stores and commercial land sites currently in foreclosure. The sites are located in Riverside, Rohnert Park and Sebastopol, Calif.; Harrington and New Castle, Delaware; and Belleville, Gap, Waynesburg and York, Pennsylvania. NRC represents the secured creditor and…
7-Eleven Grows In New Jersey
7-Eleven is expanding in New Jersey, and at the Jersey Shore plans to add five new locations in Monmouth County and three in Ocean County this year alone, App.com reported. Throughout the state, 7-Eleven plans to open 200 more stores in 2010 and 2011, according to The Goldstein Group, a commercial real estate firm in Paramus.…
Evolution Fuels Acquires Second Kansas Fuel Station
Evolution Fuels Inc. has executed a second lease agreement with J&J Developments Inc. (J&J) for a fuel station located in Topeka, Kan. This is the second station of what Evolution Fuels expects will be a series of locations leased from J&J. The station is located on a prime intersection of Topeka that experiences an average…
Walgreen’s Fresh Food, Alcohol Sales Up The Competition
Deerfield, Ill.-based Walgreen Co. is getting into fresh foods and prepared meals to draw “time-starved” customers to its more than 7,000 stores, Business Week reported The drugstore chain has been talking with foodmakers including Unilever NV, Nestle SA and Sara Lee Corp. about creating private-label and branded products, according to Bryan Pugh, vice president of…
Circle K Acquires Eight Stores in North Carolina
Laval, Que.-based Alimentation Couche-Tard Inc. through its Circle K Stores Inc. unit, is acquiring eight stores in central North Carolina from Accel Marketing LLC, The Wall Street Journal reported. The stores, which operate under the Accel banner, are company-operated and offer proprietary fuel. Once the purchase is complete, the stores will be operate under the…