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7-Eleven to Sell 24 Sites

IRVINE, Calif. -- 7-Eleven Inc. retained Colliers International's senior vice president, Mehran Foroughi, to sell 24 retail properties anchored by 7-Eleven stores. The portfolio is valued at approximately $40 million, and is owned and operated by 7-Eleven. 

The 7-Eleven anchored properties are located across the U.S., primarily in California, and include at least one co-tenant, such as AutoZone. All of the 7-Eleven convenience store leases are net-net-net (NNN) and guaranteed by 7-Eleven, according to Colliers International, one of the largest real estate services companies in the world.

"Colliers International was retained by 7-Eleven as the listing broker because of our aggressive, targeted marketing platform," Foroughi, the exclusive listing agent for the portfolio, said in a statement. "We are marketing the properties as a portfolio, although offers on individual sites are also welcome."

In 2009, Foroughi directed the sale of 12 7-Eleven retail buildings located in Nevada, Virginia and Texas, valued at more than $20 million.

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