A 7-Eleven convenience store and gas station in World Golf Village just sold for $8.14 million, showing how valuable these businesses can be.
According to the Jacksonville Daily Record, the sale happened on October 15. This big price tag highlights the success of 7-Eleven stores, which have become some of the most profitable convenience store franchises.
Where Was the Store Sold?
The St. Augustine 7-Eleven is located on International Golf Parkway in the Bannon Lakes development. It sits right in front of the Eight Winds apartment complex, making it a prime location with plenty of customers.
A company from Fort Lauderdale sold the property to a buyer from Arizona, according to reports.
The Humble Beginnings of 7-Eleven
The 7-Eleven brand started back in 1927 when an ice company worker decided to sell basic items like bread, milk, and eggs to help customers avoid long trips to the grocery store.
The name 7-Eleven was introduced in 1946 to promote the store’s unique hours—7 a.m. to 11 p.m. At the time, those extended hours were unheard of, making the brand stand out.
Today, 7-Eleven stores are open 24/7 and are found all over the world, proving just how far the brand has come from its simple beginnings.
