Sam's Mart, LLC

Client is a leading regional operator of convenience stores and fuel supplier in several Southeastern U.S. markets.
The Company had built and/or acquired 55 stores in the Charlotte, NC market over a 20-year period.
Operating model was a mix of company-operated locations and dealer-operated locations.
The Clients objective was to retain control of the underlying real estate, exit the convenience store business and raise cash to deploy to other opportunities.

The need to procure a credit tenant with adequate resources and a desire to expand or enter the Charlotte market.
Seller had a long-term fuel supply agreement in place that needed to be assumed by buyer.

Our deep knowledge of the sector allowed us to quickly identify a select group of qualified counter-parties.
Negotiated long-term NNN leases with 7-Eleven, Inc. (AA-) and simultaneously sold the equipment and business operations.
This transaction marked the re-emergence of 7-Eleven into the Charlotte market after a 30-year absence.