Tuesday, June 6, 2017

As Consumers Do More Shopping at Convenience Stores, Investors Take Note

7-ElevenA growing appetite among consumers-on-the-go for the broader selection of food options and other grocery items offered at larger, modern convenience stores is fueling a wave of consolidation and new development in the often overlooked triple-net convenience store segment of U.S. retail.

The Association for Convenience and Fuel Retailing (NACS) reports the number of c-stores in the country increased 0.2% in 2016 from the prior year to 154,535, accounting for more than $575 billion in sales. While roughly 80% of c-stores sell gasoline, lower gas prices have helped bring in more foot traffic to convenience stores, with more drivers on the road and stopping into the store during fill-ups to buy a growing mix of merchandise.. . . more

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