Single Tenant Absolute NNN Lease with 11 Years Remaining
Original Long Term Lease in Place
CPI Annual Increases
Five 5-Year Options to Extend Remain
Stripes is a Publicly Traded Company that Specializes in Gas Station/Convenience Stores with Over 565 Locations and $5.8 Billion in Revenue
In 1988, Sam L. Susser, grandson of founder Sam Susser, took the company’s helm and helped spur more rapid growth in both the convenience retail and wholesale fuel businesses. During the 1990s, the company expanded its retail presence by licensing dozens of convenience stores in Texas and Oklahoma under the 7-Eleven and Circle K banners. In 2006, the company minted a new and distinctive brand for its retail business: Stripes® Convenience Stores. The colorful Stripes brand today serves up value, quality and convenience for busy, hard working customers with no time or money to waste at over 645 locations in Texas, New Mexico and Oklahoma. Later the same year, the company also debuted its proprietary restaurant service brand: Laredo Taco Company®. Laredo Taco serves up hot, fresh, delicious, made-to-order Mexican food at more than 400 restaurants found inside most Stripes locations.