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Convenience Stores Expanding Nationwide
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Convenience Stores Expanding NationwideSouthside Food, Inc. trades as Jiffy at four locations in NC and VA. The convenience stores occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in downtown areas and strip centers. Plans call for expansion in NC and VA during the coming 18 months. The company cites Food Lion as a competitor. Leases running 10 years are typical. For more information, contact Lloyd Bost, Southside Food, Inc., 1523 Wilborn Avenue, South Balston, VA 24592; 804-575-7002, Fax 804-575-5340.
Craddock Oil Company, Inc. operates 15 locations in MS. The convenience stores occupy spaces of 1,800 sq.ft. in freestanding locations. Plans call for two openings in MS during the coming 18 months. For more information, contact Dan Ellzey, Craddock Oil Company, Inc., PO Box 1430, McComb, MS 39648; 601-684-5641, Fax 601-684-2068.
Store 24 Companies Inc. trades as Store 24 at 83 locations in CT, MA, NH, NY and RI. The convenience stores occupy spaces of 2,550 sq.ft. in strip centers, downtown storefronts and freestanding locations. Plans call for 10 openings in CT, MA, NH and RI during the coming 18 months. A minimum land area of 10,000 sq.ft. is required for the freestanding units. The company cites 7-Eleven as its major competitor. Sales average $541 psf. annually. The first unit opened in 1967. Preferred demographics include a population of 20,000 residing within a half mile radius earning an average income of $34,000. Leases running ten years are typical. For more information, contact Ken Auclair, Store 24 Companies Inc., 184 Riverview Avenue, Waltham, MA 02253; 781-795-0206, Fax 781-647-0320, Email kauclair@store24.com, Web site www.store24.com
Kroger Co./JR. Food Of West Florida Inc. trades as Tom Thumb Food Stores at 114 locations in AL and FL. The convenience store/gas stations occupy spaces of 3,400 sq.ft. in freestanding locations. Land area requirements are 90,000 sq.ft. Plans call for six to eight openings in AL and FL during the coming 18 months. Leases running 20 years are typical. For more information, contact Jim Burns, Kroger Co../JR. Food Of West Florida Inc., P.O. Box 847, Crestview, FL 32536; 850-682-5171, Fax 850-689-1055, Email jburn@tomt.com, Web site www.kroger.com
Mauger Sons Inc. trades as Walker Oil at 10 locations in DE, MD and PA. The convenience store/gas stations occupy spaces of 1,000 sq.ft. in freestanding locations on land areas of at least one acre. Plans call for expansion in DE, MD and PA during the coming 18 months. Leases running 15 to 20 years are typical. For more information call Phillip Robinson, Mauger Sons Inc., PO Box 215, Nottingham, PA 19362; 610-932-8524, Fax 610-932-3537.
Pri-Mar Petroleum trades as Pri-Mart at 13 locations in MI. The convenience store/gas stations occupy spaces of 2,500 sq.ft. in freestanding locations on land areas of 1.5 acres. Plans call for one to two openings throughout IN and MI during the coming 18 months. Preferred demographics include a population of 20,000 residing within a three-mile radius earning an average income of $40,000. The first location opened in 1973. The company cites Welsh and Speedway as competitors. For more information, contact Chris Marzke, Pri-Mar Petroleum, 1207 Broad Street, St. Joseph, MI 49085; 616-983-7314, Fax 616-983-1902, Email primar@qtm.net
Express Shops/Litco Petroleum Inc. trades as Exxon Express Shops at 28 locations in AL, MS and TN. The convenience store/gas stations occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations. Plans call for four openings in AL, AR, LA, MS and TN during the coming 18 months. The first location opened in 1979, and leases running 10 years with two five-year options are typical. For more information, contact Hamilton Smith, Express Shops/Litco Petroleum Inc., 211 Franklin Street, Tupelo, MS 38802; 601-844-7272, Fax 601-842-0334.
7-Eleven Inc. (Southwest Division) trades as 7-Eleven at 5,200 locations nationwide. The convenience stores, some of which pump gas, occupy spaces of 3,000 sq.ft. in strip centers and freestanding locations. The mimimum land area requirement for units with gas islands is 40,000 sq.ft. Plans call for 20 openings in AZ, northern CA and NV during the coming 18 months. The company is franchising. The company will do build-to-suits, lease, or purchase existing sites. The company cites AM/PM Mini Marts as its major competition. Leases running 10 years with options are typical. For more information, contact Tom Greenland, 7-Eleven Inc (Southwest Division), PO Box 404, Pleasanton, CA 94588; 604-293-5620, Fax 604-293-5680, Email jwaldron@7-Eleven.com Web site www.7-Eleven.com
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