7-Eleven store on Larkin Avenue to be sold
Karen Sorensen | 5/28/2014, 1:55 p.m.
The 7-Eleven store on South Larkin Avenue is among 75 in the country being sold off because they do not fit the company's "business model," according to a news release issued Wednesday.
The company has hired NRC Realty & Capital Advisors in Chicago to handle the sale of the convenience stores, some of which also include gas stations.
There are six stores in Illinois affected by the plan, including the location at 325 S. Larkin Ave., a representative for NRC said. (The other Illinois stores are in Lisle, Skokie, McHenry and two in Villa Park.)
The largest number of stores to be sold are in Florida, where 31 are going on the block, according to a news release on the announcement. There are 14 in Virginia, six in Massachusetts and three in Texas. Overall, stores in 14 states will be sold.
“There are many nice sites in this package that simply do not fit 7-Eleven’s current business model," Robbie Radant, 7-Eleven vice president of mergers and acquisitions, said in the release. "All of these stores have solid merchandise sales and should provide good opportunities for the right buyers.”
The Joliet store, located at the corner of Larkin and McDonough Avenue, was built in 2006 and has 2,500 square feet, according to the NRC listing.
Information on all of the stores is located at www.nrc.com.
7-Eleven is based in Dallas, and operates, franchises or licenses more than 10,300 7-Eleven stores in North America. There are 52,800 7-Eleven stores in 16 countries.