Dozen 7-Eleven Stores Sold to Various Buyers in Three States
DALLAS -- Real estate Web site GlobeSt.com reported yesterday that 12 -- 7-Eleven stores located in strip centers in Nevada, Texas and Virginia were sold to five different buyers for a combined value of more than $20 million in cash.
Seller representative Mehran Foroughi, senior vice president for Colliers International, Irvine, Ca., told GlobeSt.com that five stores in the Dallas metropolitan area were sold to a California buyer, six stores in Virginia were bought by three individual buyers, and a lone store in Las Vegas was gobbled up by a Dallas-based company.
"These were extremely hot properties, and we received a number of offers on them," said Foroughi, who partnered with Sam Nakhleh, vice president of Colliers' Vancouver office to represent 7-Eleven Inc. "We didn't have these on the market for very long until they went under contract."
Foroughi additionally told the real estate web site there is a great deal of demand for single-tenant, triple-net-lease assets like the ones that were just sold. The credibility of 7-Eleven tenants helped fuel the interest in the portfolio, he added.
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7-Eleven to Expand Throughout New Jersey
Seller representative Mehran Foroughi, senior vice president for Colliers International, Irvine, Ca., told GlobeSt.com that five stores in the Dallas metropolitan area were sold to a California buyer, six stores in Virginia were bought by three individual buyers, and a lone store in Las Vegas was gobbled up by a Dallas-based company.
"These were extremely hot properties, and we received a number of offers on them," said Foroughi, who partnered with Sam Nakhleh, vice president of Colliers' Vancouver office to represent 7-Eleven Inc. "We didn't have these on the market for very long until they went under contract."
Foroughi additionally told the real estate web site there is a great deal of demand for single-tenant, triple-net-lease assets like the ones that were just sold. The credibility of 7-Eleven tenants helped fuel the interest in the portfolio, he added.
Related News:
7-Eleven to Expand Throughout New Jersey