|Price Range 12mo avg:||$823K – $3.76M|
|$/sf 12mo avg:||$690.62|
|CAP Rate 12mo avg:||5.53%|
|Lease Terms:||16yrs NNN|
|Building Size avg:||5,300 SF|
|Lot Size avg:||1+/- acres|
“If convenience stores are open 24 hours, why the locks on their doors?” If anyone knows, it’s 7-Eleven. The North American subsidiary of Seven-Eleven Japan, 7-Eleven operates more than 10,000 company-owned or franchised stores in the US and Canada under the 7-Eleven name. Globally, 7-Eleven licenses more than 51,000 stores in about 15 countries, mostly in the Asia Pacific and Nordic regions. Its stores range from 2,400 to 3,000 sq. ft. and sell about 2,500 items. The world’s leading convenience store company is owned by the Japanese retail conglomerate Seven & i Holdings, which is the holding company for Seven-Eleven Japan, Ito-Yokado, Denny’s restaurants, and other businesses.
In addition to retails stores across North America, 7-Eleven grants area licenses to overseas operators of 7-Eleven stores (except for Japan). Royalty fees paid by licensees are included in the company’s revenues from operations.
The convenience store operator’s total store sales increased 14% in fiscal 2013 (ended February) versus the prior year, to nearly $12.3 billion. The double digit increase was due primarily to higher gasoline sales (up 20% year over year). Merchandise sales at stores open more than one year increased 3%. The company opened more than 1,000 stores, including stores acquired from TETCO in Texas, in fiscal 2013. Net income was flat at about $220 million over the same period.
Across North America, 7-Eleven is cultivating denser store networks through aggressive store openings and acquisitions. It’s focusing on opening locations with gas stations, as gas accounts for nearly half of total store sales. Like its Japanese parent, 7-Eleven employs a market concentration strategy to ensure effective merchandising and infrastructure usage. The convenience store chain seeks to differentiate itself by increasing its offering of private-brand products and fast food offerings.
In 2013, the company plans to open about 600 new stores, including 370 company-owned stores. The chain has also been aggressively converting company-owned stores to franchise stores in a bid to improve profitability as a result of labor cost savings from workforce reductions. Currently, more than 70% of 7-Eleven’s US stores are franchised. The company’s goal is to operate a 100% franchise network. The chain is also working to boost the productivity of existing stores by installing new equipment to support the sale of fresh and hot foods and pushing its private-brand of 7-Select products.
Mergers and Acquisitions
In November 2012 7-Eleven acquired the retail and wholesale dealer assets of San Antonio-based TETCO, Inc. The purchase included 163 company-operated convenience stores in Utah, and the Dallas-Fort Worth, Austin, and San Antonio areas of Texas plus fuel distribution to TETCO’s wholesale-dealers. Earlier in the year, the opportunistic company acquired many small independent operators, including 55 Sam’s Mart stores in the Carolinas, about two dozen stores in Texas from Strasburger Enterprises, and 18 Open Pantry stores in Wisconsin. The acquired stores are quickly remodeled and converted to the 7-Eleven banner.
|S&P Credit Rating:||AA-|
|Moody’s Credit Rating:||Baa1|
|Annual Revenue 2013:||$3.2B|
|Annual Revenue 2012:||$2.4B|
|Revenue Growth:||↑ 25% from 2012|
|Units (Dec. 2013)||9,100|
|Average Units Volume:||$1.45M|
U.S. dollar amounts are translated from yen, for convenience only, at the rate of ¥93=U.S.$1, the approximate rate of exchange prevailing on February 28, 2013.
Number of Units represents US locations only.
Average Units Volume based on research by statisticbrain.com
NJ Today: Central Jersey Daily Rundown, Thursday, April 26
on April 26, 2018 at 9:00 am
During 2018, 7-Eleven will issue up to 1.4 million Slurpee coupons to almost 1,100 law-enforcement agencies; 550 of those will be distributed in Piscataway, most during the summer months and back-to-school season. Big-city departments and small-town forces use the Slurpee coupons to enhance ... […]
Geneva man accused of prescription pill possession
on April 26, 2018 at 6:00 am
... Kane County but was ticketed for possessing less than a gram of marijuana in March 2017 in Geneva and has failed to pay the $120 fine, court records show. He also pleaded guilty to misdemeanor disorderly conduct for spitting on the counter and floor of a Geneva 7-Eleven store in September 2017. […]
Good behavior can earn kids Slurpees
on April 26, 2018 at 4:41 am
If a Collier County Sheriff's office deputy catches you in the act, you might just get a “ticket” as part of the agency's participation in 7-Eleven's Operation Chill, a program that aims to reduce crime and build rapport between kids and law enforcement. When a deputy spots a child wearing a helmet, picking ... […]
Florida man pleads guilty to armed robberies in Madison - WKOW 27: Madison, WI Breaking News ...
on April 26, 2018 at 4:07 am
MADISON (WKOW) -- A Florida man faces decades behind bars for the armed robbery of three gas stations in Madison. Federal prosecutors say 19-year-old Christian Rodriguez admitted to the crimes Wednesday. Rodriguez said he robbed the Mobil on Cottage Grove Rd., the 7-Eleven on the Beltline ... […]
North Attleboro man charged with stealing co-worker's wallet
on April 26, 2018 at 3:33 am
Mincevich allegedly used the credit card at Walmart and the 7-Eleven in North Attleoro before the victim discovered the theft and cancelled the card, ... on a warrant, police said, after he was identified as the alleged thief by fellow employees who viewed surveillance footage from Walmart and 7-Eleven. […]
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