7-Eleven Evaluating Rents
7-Eleven Inc. is launching a comprehensive review of its real-estate portfolio in key markets nationwide working with a number of outside real-estate services firms, CSP Daily News has learned.
The project will include analyzing fair-market values for the company’s retail sites and negotiating lease terms, when appropriate, in line with current commercial rental rates. CB Richard Ellis (CBRE) has been engaged by 7-Eleven to conduct the review of the retailer’s portfolio.
While many retailers are going bankrupt, closing stores or canceling expansion, 7-Eleven is aggressively growing and plans to add about 200 to 250 new stores nationwide this year, it said. The company is franchising its U.S. stores and is expanding through organic growth, acquisitions and its Business Conversion Program.
