7-Eleven Looking Close to Home

Scouting for up to 500 new locations in DFW, Austin, one report says

Greg Lindenberg, Editor, CSP

DALLAS -- With Texas at the forefront of its 2011 growth, 7-Eleven Corp. has started searching for sites in Dallas/Fort Worth and Austin, according to a report by citybizlist.com. Confidential sources told the web-based real-estate resource that the Dallas-based convenience store operator is scouting for up to 400 sites in North Texas and 100 in Austin.

7-Eleven spokesperson Margaret Chabris would not confirm the source's information; however, she told CSP Daily News that although the company has not announced how many total stores it is looking for in Texas, "DFW [image-nocss] is a growth market for us, and we have said we want to open at least 300 new locations in the U.S. and Canada in 2011 in addition to any acquisitions."

Darrell Hernandez, Lou Miranda and Pete Podesta of UCR Dallas will represent 7-Eleven for its search in Dallas/Fort Worth and Waco, said the report, and Rodger Anderson, Dean Vandergriff and Jon Smalling of UCR Austin will lead the search in Austin and its surrounding markets.

The company seeks sites in high-density areas with daily traffic counts of 25,000 vehicles or more. The criteria include 25,000 square feet to 50,000 square feet for stores supported by gas stations and a minimum of 2,000 square feet to 3,000 square feet for nongas station locations. Corner locations in urban and suburban markets are also on the "favorites" list, said the report.

The company recently acquired 183 locations in Florida. (Click here for previous CSP Daily News coverage.)

7-Eleven operates, franchises and licenses nearly 7,100 stores in the United States and Canada. Globally, it operates, franchises or licenses more than 39,000 stores in 16 countries. During 2009, 7-Eleven stores worldwide generated total sales of more than $58.9 billion.