Sunoco Exiting C-Store Business, Selling 1,108 Stores to 7-Eleven for $3.31 Billion

Sunoco LP (NYSE: SUN) is getting out of the convenience store business. The Dallas-based c-store operator and fuel distributor has agreed to sell a majority of its convenience stores to 7-Eleven Inc. for $ 3.31 billion in cash plus fuel, merchandise and other inventories. 7-Eleven is owned by Tokyo-based Seven & i Holdings Co. Ltd. Assets being sold include 1,108 convenience stores in 19 geographic regions primarily along the East Coast and in…
National Commercial Real Estate News From CoStar Group

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