ORLANDO, Fla. -- Sam L. Susser has joined the board of directors of National Retail Properties Inc., a real-estate investment trust (REIT) with a portfolio of tenants that includes nearly 200 convenience stores, the company has announced.
"We are excited to add Sam to our board. His retail industry experience combined with his depth of knowledge of the convenience-store industry make him an excellent addition. His accomplished tenure as the CEO of a successful retailer gives him a unique perspective to understand our retail tenant customer base and their strategies," said Craig Macnab, chairman and CEO.
Susser has a broad background in retail operations. He served as president and CEO of Susser Holdings Corp., which operated the Stripes convenience-store chain, from 1992 through 2014 and as a director from 1988 through 2014. He was named chairman of the board in September 2013.
In August 2014, Energy Transfer Partners LP (ETP) acquired Susser Holdings.
Susser was also chairman of the board of directors of Susser Petroleum Partners GP LLC, the general partner of Susser Petroleum Partners LP (now Sunoco LP) until May 2015.
He currently serves as a director of a number of charitable, educational and civic organizations.
Susser was CSP's 2014 Retail Leader of the Year.
Orlando, Fla.-based National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of Sept. 30, 2015, the company owned 2,231 properties in 47 states with a gross leasable area of approximately 24.5 million square feet and a weighted average remaining lease term of 11.5 years.
Convenience stores make up nearly 17% of National Retail Properties' retail channels, the largest percentage of any single line of trade.
C-stores include 125 Sunoco properties, 86 Alimentation Couche-Tard/Kangaroo Express (The Pantry) properties and 77 7-Eleven properties, as well as many Master Car Wash, Camping World, LA Fitness, SunTrust, AMC Theatre, Chuck E. Cheese's, BJ's Wholesale Club, Frisch's Restaurant, Gander Mountain and Bell American (Taco Bell) properties.
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