7-Eleven Closes Purchase of Fast Track Stores

DALLAS -- 7-Eleven Inc. has completed the purchase of 12 convenience stores from Fast Track Inc. in North Carolina. The seller is J. C. Faw of Wilkesboro, N.C., according to the company.

The newly purchased Fast Track stores are located in Elkin, King, Lexington, Thomasville, Kernersville, Lewisville, Clemmons, Winston-Salem, Hamptonville, Claremont, Statesville and Union Grove.

Remodeling of the stores will begin this month and is expected to be complete by mid-February 2013, after which time they will offer 7-Eleven's fresh food delivered daily, hot food items and signature products such as the 7-Select private brand, 7-Eleven coffee, Big Bite hot dogs, and Slurpee and Big Gulp drinks.

The 12 stores are in close proximity to the 55 Sam's Marts, located in the greater Charlotte, N.C., area, that 7-Eleven purchased earlier this year and complement the company's expansion within the state, 7-Eleven reported.

7-Eleven currently operates, franchises or licenses more than 9,400 7-Eleven stores in North America, with plans to open 970 new locations in the U.S. and Canada this year.