Agree Realty “pleased” to make Wawa acquisition. Agree Realty Corp. announced that it acquired a portfolio of three Wawa c-stores and fuel stores that are master leased by Wawa for $14,200,000. The cost of the portfolio acquisition includes the assumption of $8,580,000 of non-recourse mortgage debt, which will mature in June 2016, carrying a 6.56%…
EZ Energy Sells U.S. Stations
Sale expected to close Sept. 15. Israel-based EZ Energy Ltd. is selling its U.S. gas station and c-store operations for $64 million to a foreign operator, whose name has yet to be disclosed, Globes reported. The proceeds derived from the sale are expected to cover all the company’s debt to Israeli bondholders and the loans…
Alimentation Couche-Tard Acquires 27 Stores
Alimentation Couche-Tard builds company-operated business in its West Coast Division as it plans to acquire a handful of Sun Mart stores. Alimentation Couche-Tard has signed an agreement to acquire 27 stores from Sun Pacific Energy in Eastern Washington State, mostly in the tri-city area of Pasco, Kennewick and Richland. The transaction is expected to close…
Retail Gasoline Prices Reverse Higher after Three-month Slide
Brian L. Milne Refined Fuels Editor, Telvent DTN After 13 consecutive weeks moving lower, retail gasoline prices snapped the decline, gaining during the first full week of July. Moreover, retail gasoline prices are in position to again increase, while the July 2nd six-month low in the Energy Information Administration’s (EIA) U.S. average might hold for…
Hunt Brothers Pizza Encourages C-Store Support of U.S. Troops
“Hunt Brothers Pizza is a proud American company with a tremendous appreciation of the men and women who serve in our military,” says Keith Solsvig, vice president of marketing for Hunt Brothers Pizza. Hunt Brothers Pizza is asking consumers to donate $1 to Support U.S. Armed Forces when they stop for fuel or pizza at…
Susser Provides Q2 Preliminary Results
Announces secondary offering of common stock by Wellspring. Susser Holdings Corp. has provided partial preliminary financial and operating results for the second quarter of 2012, ended July 1, 2012. Susser expects to report: • Same-store merchandise sales growth of approximately 8% year-over-year, versus growth of 5.8% for the year-earlier period. • Total merchandise sales of approximately…
Parker’s Opens State-Of-The-Art C-Store
Parker’s announces its plans to open a highly developed convenience store this November in Garden City, Ga. Parker’s, a leader in convenience store sales across Georgia and South Carolina, has announced its latest cutting-edge c-store in Garden City, Ga., which is expected to open this November. The store, which measures almost 4,000 square feet, is…
BP Pays $13 Million In Settlement With U.S. Department Of Labor
BP plans to resolve all of the citations issued to it by the U.S. Department of Labor’s Occupational Safety and Health Administration by the end of the year. BP Products North America Inc. agreed to abate safety violations and pay $13,027,000 to the Occupational Safety and Health Administration (OSHA) for penalties. OSHA and BP Products…
RaceTrac Accepts Fleet Cards From U.S. Bank Voyager Network
Fleet drivers enjoy expanded convenience at RaceTrac c-stores as it accepts Voyager network cards. RaceTrac Petroleum announced a deal with U.S. Bank that allows fleet drivers with Voyager network cards to make fuel purchases at one of 330-plus RaceTrac locations. RaceTrac now accepts U.S. Bank Fleet Cards and other Voyager network cards because of the…
Bazzi Oil Fuels Academic Futures
Bazzi Oil and CITGO support five students in their journey to continuing education. CITGO-marketer Bazzi Oil invited 800 community members to an awards ceremony this June to honor five high school students who will each receive $500 scholarships for continuing education. Destiny Harris, Briana Pannell, Mae Mova, Channel Wilkerson and Roselyn Wtson, all seniors at…