CORPUS CHRISTI, TEXAS — Corpus Christi-based Susser Holdings Corp. has reached an agreement to purchase a portfolio of 25 convenience stores. The purchase includes leaseholds for 24 of the stores and the real estate underlying the final property. Twenty-three of the stores are located throughout Texas and the other two are located in Louisiana. All of the locations have been constructed in the past 7 years, and Susser currently supplies fuel to 11 of the stores through its wholesale fuel business. The company plans to sublet a majority of the locations to independent operators. The all-cash transaction is expected to close at the end of August. Susser Holdings currently operates more than 515 convenience stores in Texas, Oklahoma and New Mexico under the Stripes and Town & Country brands. Its wholesale fuel division supplies branded fuel to approximately 370 independent dealers.
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