WEST BRATTLEBORO -- On Wednesday, 7-Eleven announced that it will sell 75 gasoline stations and convenience stores in 16 states, including the West Brattleboro store on Western Avenue.
In a press release, 7-Eleven vice president of mergers and acquisitions, Robbie Radant, said the stores that are being sold "do not fit 7-Eleven's current business model."
The 4,740-square-foot store on Western Avenue is leased by 7-Eleven and the company said the business and lease arrangement will be included in the sale. The company holds a lease until November, 30, 2016, and also has two, five-year options in the lease agreement.
The company said the new store that opens in the location will not be a 7-Eleven.
The 7-Eleven on Western Avenue opened in 1998. It is one of the largest stores that was put up for sale Wednesday among the 75 locations. The 7-Eleven on King Street in Northampton, Mass., is also included in the multi-store sale
The sale is being managed by NRC Realty & Capital Advisors, and company Vice President of Marketing Tracey Suppo said the stores are being sold through a sealed bid process. Prospective buyers can make a bid for one, some, or all of the stores.
Suppo said 7-Eleven is accepting bids until July 29, and the company can accept bids, or reject them.
The Brattleboro 7-Eleven is the only Vermont store that was included in the announced 75-store sell off Wednesday.
For more information on the sale go to www.nrc.com/1408.
Howard Weiss-Tisman can be reached at email@example.com or 802-254-2311, ext. 279.