SAN FRANCISCO-7-Eleven, Inc. plans to add more than 50 new stores in Northern California by the end of 2011 as part of a larger national growth initiative. The Dallas, TX-based owner and franchiser of some 6,300 US stores has tapped St. Louis-based Colliers Corporate Solutions to assist with identifying and securing sites for the two-year expansion plan, which includes approximately 20 more stores in 2010 and approximately 30 in 2011.

Nationally, 7-Eleven is looking to open 250 stores in 2010 and more than 300 in 2011 on top of the 200 it expects to have opened in 2009 and the 170 it opened in 2008. The company says the growth is coming from acquisitions and business conversions as well as developing new locations. The company has tripled the size of its Northern California real estate team in the past two years to prepare for the expansion.

“We are committed to adding 50-plus new stores to the 500 we already have in Northern California,” says 7-Eleven’s new store development executive Dan Porter. “We want to quickly identify new locations and take advantage of opportunities throughout the region.”

Porter says the company will pursue numerous types of real estate development in both urban and suburban locations, including end-cap space in shopping centers and free-standing stores. The company also wants to be a part of urban renewal in its growth markets.

“The conditions of the retail real estate market are creating great opportunities for retail users who are currently growing their portfolios,” adds Greg Schuster, senior vice president of Colliers Corporate Solutions, a division of St. Louis-basd Colliers Turley Martin Tucker. “The success of the 7-Eleven brand and operating model are very attractive to property owners.”

A big part of the company’s growth strategy is to convert existing independent convenience stores to the 7-Eleven brand, either by acquiring them for the corporate chain or having them become a 7-11 franchisee. The company says approximately 150 stores have converted to the 7-Eleven brand since the initiative began in 2006.

The typical 7-Eleven stores range from 2,400 to 3,000 square feet and are located in densely populated areas with strong daytime traffic and multiple business and/or residential properties nearby. The company says it looks for anchor space in shopping centers (with or without gasoline service capabilities), free-standing, downtown, walk-up and urban locations.

In addition to its US operations, 7-Eleven operates, franchises, or licenses approximately 30,000 stores in 15 countries. During 2008, 7-Eleven stores worldwide generated total sales of more than $53.7 billion.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.